LTIMindtree joins Nifty-50 club

Mumbai: National Stock Exchange of India Ltd (NSE) has included LTIMindtree, a global technology consulting and digital solutions company, in its coveted Nifty-50 index. LTIMindtree has been formed after the merger of L&T Infotech (LTI) and Mindtree and commenced trading on the Indian stock market under its new name in December 2022.

Since the merger, the company has rapidly consolidated its position to be a leading player and achieve this significant milestone in its growth journey. Nifty-50 is the flagship index on the NSE. Its indices are computed using a float-adjusted and market capitalization-weighted method. In this method, the index level indicates the aggregate market value of stocks present in the index in a specific base period.