LTIMindtree hits 52-week high; gains 3% on scheduled Nifty 50 inclusion

Shares of LTIMindtree hit a 52-week high of Rs 5,430, up 3.4 per cent on the National Stock Exchange (NSE) in Wednesday’s intra-day trade as the L&T Group company will replace housing mortgage company HDFC in Nifty-50 index from July 13.

In past four trading days, the stock price of LTIMindtree has appreciated by nearly 7 per cent. As per reports, LTIMindtree should see an inflow of about $150-160 million from passive funds due to inclusion in Nifty index.

Shares of HDFC were trading 3.3 per cent lower at Rs 2,788.80 at 10:56 AM. In comparison, the Nifty 50 was down marginally by 0.05 per cent at 19,380.