LTI Mindtree Faces Continued Pressure Amid Broader IT Sector Decline

Apr 03 2025 11:35 AM IST
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LTI Mindtree, a key player in the IT software sector, saw a notable decline on April 3, 2025, closing near its 52-week low. The stock has been trading below various moving averages, indicating a bearish trend, and has faced significant declines over the past week, month, and year.
LTI Mindtree, a prominent player in the IT software sector, experienced a decline of 3.02% on April 3, 2025, closing near its 52-week low, just 2.23% above Rs 4,240. The stock reached an intraday low of Rs 4,333.35, reflecting a drop of 3.21% during the trading session. This performance aligns closely with the broader IT software industry, which saw an overall decrease of 3.07%.

In terms of moving averages, LTI Mindtree is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to medium term. Over the past week, the stock has declined by 6.75%, while its performance over the past month shows a significant drop of 10.21%. Year-to-date, LTI Mindtree has faced a challenging environment, with a decline of 22.36%.

In contrast, the Sensex, despite a gap down opening, managed to recover and is currently trading at 76,353.91, down 0.34%. The small-cap segment is leading the market today, with the BSE Small Cap index gaining 0.35%.
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