Mindtree jumps, L T Infotech slips on deal buzz

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Mindtree climbed over 2 per cent and those of Larsen Toubro Infotech (LTI) fell over 1 per cent on Monday after
single-largest shareholder in Bengaluru-based, mid-tier IT company. LTI on Friday said its consolidated net profit increased 32.8 per cent
to Rs 375.5 crore for quarter to December 2018 from year-ago period
Shares of company reversed course and fell for first time in five sessions
Mindtree last week said its Q3 consolidated net profit grew 35.1 per cent to Rs 191.2 crore
The stock has been on an upward trajectory since last Thursday
Around 10.35 am, shares of Mindtree traded 1.93 per cent up at Rs 903.95 while those of LTI fell 1.58 per cent to Rs 1,773