LTM shares in focus as Q1 results meet Street estimates. Here's what Nomura, Nuvama and other brokerages recommend

LTIMindtree posted Q1 consolidated net profit of Rs 1,466 crore, up 17% YoY from Rs 1,254 crore, while revenue rose 18% YoY to Rs 11,608 crore ($1.2 billion). Constant currency revenue grew a muted 0.3% QoQ, but EBIT margin of 15.5% beat expectations, led by technology and financial services verticals. Brokerages were split: Nomura retained Buy with a target of Rs 4,400, Nuvama kept Buy cutting target to Rs 5,500, JM Financial stayed at Reduce with a Rs 3,720 target, and Emkay retained Add at Rs 4,350.