LTM shares jump over 9% in a week; brokerages split as Q1 growth signals improve

Shares of LTM Limited were trading at ₹4,083.80 on the NSE at 11.09 am on Monday, up ₹46.60 or 1.15 per cent from the previous close of ₹4,037.20. The stock opened at ₹4,057.50, touched an intraday high of ₹4,105.70 and a low of ₹3,971.20, with over 7.73 lakh shares changing hands worth ₹312.52 crore. The company’s total market capitalisation stood at ₹1,21,154.98 crore.

The stock has gained 5.81 per cent over the past month and 9.13 per cent over the past week, though it remains down 33.44 per cent year-to-date and 21.86 per cent over one year. It hit a 52-week high of ₹6,429.50 on January 19, 2026, and a 52-week low of ₹3,528 as recently as June 30, 2026. The scrip trades at a P/E of 23.04.

Brokerages remain divided on the stock following the Q1FY27 results. JM Financial’s Rajiv Berlia maintained a REDUCE rating but raised the target price to ₹3,720 from ₹3,285, revising the valuation multiple to 17x March 2028 EPS from 15x, citing improved near-term growth visibility. JM Financial noted order inflow grew 7 per cent YoY versus 11.2 per cent YoY a year earlier, and flagged that LTM needs over 2 per cent CAGR for the next three quarters to beat FY26 growth in FY27.

Equirus Securities retained an ADD rating with a revised September 2027 target of ₹4,440 (from ₹4,685), while Choice Institutional Equities also kept an ADD call, raising its target to ₹4,350 from ₹4,215, citing improving demand visibility and AI monetisation.

Q1FY27 revenue grew 0.3 per cent QoQ in constant currency to $1,223.5 million, with EBIT margin expanding 36 bps QoQ to 15.5 per cent. Management has guided for growth acceleration from Q2FY27 onward, supported by the pending Randstad Technology and Consulting Services acquisition.