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LTIMindtree has announced the renewal of its strategic partnership with OKQ8, one of the largest fuel companies in the Nordic region. This renewal underscores LTIMindtree's role as a trusted technology partner, strengthening its collaboration with OKQ8 to support their digital transformation goals.
The extended partnership will focus on optimizing OKQ8's technology landscape, spanning Cloud and Infrastructure Management, Application Development and Maintenance for both modern and legacy systems, advanced Data Analytics, CRM, and ERP services powered by Microsoft Dynamics. LTIMindtree will also integrate AI-driven processes to streamline operations, enhance customer experiences, and sustainability, enabling OKQ8 to achieve greater innovation, cost efficiency, and scalability.
Through this partnership, LTIMindtree will leverage its cutting-edge solutions and technical expertise to optimize OKQ8's core platforms, ensuring improved performance, operational efficiency, and sustainability advancements. The renewal of this partnership testifies the shared vision of LTIMindtree and OKQ8 to achieve growth through innovative solutions and technology excellence, navigating challenges together and driving advancements across the region.
LTIMindtree Ltd is up for a third straight session in a row. The stock is quoting at Rs 5262.5, up 1.26% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.48% on the day, quoting at 24743.45. The Sensex is at 80701.78, up 0.42%. LTIMindtree Ltd has risen around 3.41% in last one month.
Meanwhile, Nifty IT index of which LTIMindtree Ltd is a constituent, has risen around 2.27% in last one month and is currently quoting at 35740.65, up 0.73% on the day. The volume in the stock stood at 1.01 lakh shares today, compared to the daily average of 2.16 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 5254, up 0.93% on the day. LTIMindtree Ltd is down 14.37% in last one year as compared to a 2.12% drop in NIFTY and a 15.99% drop in the Nifty IT index.
The PE of the stock is 33.24 based on TTM earnings ending June 25.