LTIMindtree shares rise 0.96 per cent in Wednesday's trading session
LTIMindtree Ltd. rose 0.96 per cent to Rs 5188.55 in Wednesday's trade as of 12:54PM (IST) even as the benchmark Nifty ruled at 19434.0, up 91.35 points.
The scrip had closed at Rs 5138.95 in the previous session.
The stock quoted a 52-week low of Rs 4120.0 and a high of Rs 5425.0. The company quoted a market-cap of Rs 153522.92 crore on the BSE.
On BSE, 14,086 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 34.47 times its trailing 12-month EPS of Rs 150.54 per share and 8.49 times its book value. The return on equity (ROE) stood at Rs 27.36.
Key Financials For the quarter ended 30-Jun-2023, LTIMindtree Ltd.
reported consolidated sales of Rs 8833.7 crore, up 12.94 per cent from the same quarter a year ago. The company reported 4.15 per cent YoY growth in net profit at Rs 1151.5 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Wednesday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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 a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
