LTIMindtree shares up 0.63% as Nifty gains
LTIMindtree Ltd. traded 0.63 per cent up in Thursday's trade at 12:12PM (IST). Around 7,803 shares changed hands on the counter.
The scrip opened at Rs 4702.45 and touched an intraday high and low of Rs 4762.65 and Rs 4702.45, respectively, in the session so far. The stock of LTIMindtree Ltd. quoted a 52-week high of Rs 6442.65 and a 52-week low of Rs 4518.35.
Total market cap of the LTIMindtree Ltd. stood at Rs 140562.1 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 9100.5 crore for the quarter ended 31-Mar-2024, down 1.47 per cent from previous quarter's Rs 9236.1 crore and down 3.92 per cent from the year-ago quarter's Rs 8757.4 crore.
The net profit for latest quarter stood at Rs 1099.9 crore, down 1.24 per cent from the same quarter a year ago.
Shareholding pattern As of 31-Mar-2024, domestic institutional investors held 6.22 per cent stake in the company, while foreign institutional investors held 7.86 per cent and the promoters 68.6 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 30.68 and a price-to-book ratio of 7.3. 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. belongs to the IT Consulting & Software — Mid Cap industry.
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