LTIMindtree trades marginally higher on launching enterprise-ready generative AI platform ‘Canvas.ai’

LTIMindtree is currently trading at Rs. 5011.00, up by 9.20 points or 0.18% from its previous closing of Rs. 5001.80 on the BSE.

The scrip opened at Rs. 5008.05 and has touched a high and low of Rs. 5038.15 and Rs. 4986.75 respectively. So far 3585 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 5360.65 on 15-Nov-2022 and a 52 week low of Rs. 3834.00 on 14-Jul-2022.

Last one week high and low of the scrip stood at Rs. 5140.25 and Rs. 4951.85 respectively. The current market cap of the company is Rs. 147995.94 crore.

The promoters holding in the company stood at 68.68%, while Institutions and Non-Institutions held 20.08% and 11.24% respectively.

LTIMindtree has launched ‘Canvas.ai’, an enterprise-ready generative AI platform designed to accelerate the concept-to-value journey for businesses using mindful AI principles. Canvas.ai is among the first-of-its-kind platform designed to help enterprises jump start and scale generative AI capabilities, bolstering business innovation and engineering productivity. Leveraging well-architected framework and sound governance measures, Canvas.ai effectively manages proprietary and industry-specific data, while factoring its ethical use, sustainability, privacy and security. The platform-based architecture of Canvas.ai caters to the business requirements of three key personas — creators who build the generative AI solutions, admins who manage, and users who consume governed generative AI solutions.

Canvas.ai is available for clients globally through LTIMindtree’s Generative AI Studios in Warren, NJ; Dallas, TX; Hartford, CT; and Minneapolis, MN in US; London and Paris in Europe; and Mumbai, Bengaluru and Hyderabad in India.

LTIMindtree (formerly Larsen & Toubro Infotech) is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies.

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