LTIMindtree shares up 0.14% as Nifty gains
LTIMindtree Ltd. traded 0.14 per cent up in Monday's trade at 12:33PM (IST). Around 5,145 shares changed hands on the counter.
The scrip opened at Rs 4951.05 and touched an intraday high and low of Rs 4974.95 and Rs 4930.0, 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 4120.0.
As per BSE, the total market cap of the LTIMindtree Ltd. stood at Rs 147460.18 crore at the time of writing this report.Key Financials The company reported consolidated 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 same quarter a year ago.Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 7.01 per cent stake in the firm, while foreign institutional investors held 8.21 per cent and the promoters 68.66 per cent.Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 33.11 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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