₹378-crore tax order on LTIMindtree stayed by HC, shares jump 6%

LTIMindtree's shares ended over 6% higher on Wednesday after Karnataka High Court stayed a GST demand notice worth ₹378 crore against the firm. The surge also came after Kotak Institutional Equities upgraded the ratings on the stock to 'add' from 'reduce' and raised the target price to ₹6,200 apiece. Shares touched an intraday high of ₹6,199.3 before closing at ₹6127.5.