LTIMindtree shares gain 0.91% as Sensex rises
LTIMindtree Ltd. traded 0.91 per cent higher in Friday's session at 12:12PM (IST).
The stock opened at Rs 5372.05 and has touched an intraday high and low of Rs 5450.0 and Rs 5350.0, respectively, during the session so far.
The stock quoted a 52-week high of Rs 5590.0 and a 52-week low of 4120.0. About 7,531 shares changed hands on the counter so far.
Benchmark Nifty50 was up 43.5 points at 19785.85, while the BSE Sensex traded 169.66 points higher at 66399.9 at the time of writing of this report.
In the Nifty pack, 25 stocks traded the day in the green, while 25 were in the red.
Key Financials 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 year-ago quarter.
The company reported net profit of Rs 1151.5 crore for the latest quarter.
Promoter Holdings Promoters held 68.66 per cent stake in the company as of 30-Jun-2023, while FIIs held 8.21 per cent and MFs 7.01 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 4776.3 on September 22, while the 50-DMA was at Rs 5162.51. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
