LTIMindtree shares down 0.23% as Sensex rises
LTIMindtree Ltd. fell 0.23 per cent to Rs 4869.0 in Tuesday's session as of 01:03PM (IST) even as the equity benchmark Sensex traded 40.24 points higher at 66425.02. Earlier in the day, the stock witnessed a gap up start to the session.
The stock quoted a 52-week high price of Rs 5425.0 and a 52-week low of Rs 4120.0 on NSE. Around 12110 shares changed hands on the counter till 01:03PM (IST). The stock opened at Rs 4880.05 and has touched an intraday high and low of Rs 4898.0 and Rs 4858.7 during the session so far.
The stock quoted a price-to-earnings (PE) ratio of 32.38, earnings per share (EPS) of Rs 150.54 and price to book value (PB) of 8.49, while the return on equity (ROE) stood at Rs 27.36.Promoter/ FII Holding The promoters held 68.66 per cent stake in the company as of July 25, while FII and MF ownerships stood at 8.21 per cent and 7.01 per cent, respectively.Key Financials With a market capitalisation of Rs 144233.52 crore, the company operates in the IT Consulting & Software — Mid Cap industry. For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 8833.7 crore, up 0.87 per cent from the previous quarter?s Rs 8757.4 crore and up 12.94 per cent from the same quarter a year ago. The company reported net profit of Rs 1151.5 crore for the latest quarter, up 4.15 per cent from the corresponding quarter last year.Technical Indicators The relative strength index (RSI) of the stock stands at 42.64.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way
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