LTIMindtree shares gain 1.11% as Sensex falls
LTIMindtree Ltd. traded 1.11 per cent higher in Wednesday's session at 10:46AM (IST).
The stock opened at Rs 5234.95 and has touched an intraday high and low of Rs 5244.95 and Rs 5160.25, respectively, during the session so far.
The stock quoted a 52-week high of Rs 5425.0 and a 52-week low of 4120.0. About 6,795 shares changed hands on the counter so far.
Benchmark Nifty50 was down 9.5 points at 19386.95, while the BSE Sensex traded 37.51 points lower at 65182.52 at the time of writing of this report.
In the Nifty pack, 21 stocks traded the day in the green, while 28 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 4729.24 on August 23, while the 50-DMA was at Rs 5028.89. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
