LTIMindtree shares down 0.73% as Nifty gains
LTIMindtree Ltd. traded 0.73 per cent down in Wednesday's trade at 01:38PM (IST). Around 23,379 shares changed hands on the counter.
The stock opened at Rs 5020.0 and touched an intraday high and low of Rs 5035.6 and Rs 4950.0, respectively, in the session so far. Shares of the company of LTIMindtree Ltd. quoted a 52-week high of Rs 5425.0 and a 52-week low of Rs 3990.05.
As per BSE, the total market cap of the LTIMindtree Ltd. stood at Rs 147149.65 crore at the time of writing this report.Key Financials The company reported consolidated net sales of Rs 8833.7 crore for the quarter ended 30-Jun-2023, up 0.87 per cent from previous quarter's Rs 8757.4 crore and up 12.94 per cent from the year-ago quarter's Rs 7821.8 crore. The net profit for latest quarter stood at Rs 1151.5 crore, up 4.15 per cent from the corresponding quarter last year.Shareholding pattern As of 31-Mar-2023, DIIs held 6.82 per cent stake in the firm, while foreign institutional investors held 8.41 per cent and the promoters 68.68 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of 33.04 and a price-to-book ratio of 8.49.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business. LTIMindtree Ltd.
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