LTM shares jump 3% as Q1 results meet Street estimates. Here’s what Nomura, Nuvama, and other brokerages say

LTM reported a 17% year-on-year net profit increase for the April-June quarter. Revenue from operations also saw an 18% year-on-year rise during the same period. Brokerages offered mixed opinions on the IT major’s stock performance and future outlook. The company cited hardware procurement issues for project delays, expecting improvement soon. LTM shares gained over 3% on Monday following these financial results.

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