LTIMindtree shares up 0.69% as Sensex falls
LTIMindtree Ltd. gained 0.69 per cent to Rs 5138.15 in Thursday's session as of 11:22AM (IST) even as the equity benchmark Sensex traded 341.41 points lower at 65654.4. Earlier in the day, the stock witnessed a gap down start to the session.
The stock quoted a 52-week high price of Rs 5425.0 and a 52-week low of Rs 4120.0 on NSE. Around 2915 shares changed hands on the counter till 11:22AM (IST). The stock opened at Rs 5070.05 and has touched an intraday high and low of Rs 5143.0 and Rs 5070.05 during the session so far.
The stock quoted a price-to-earnings (PE) ratio of 33.99, earnings per share (EPS) of Rs 150.54 and price to book value (PB) of 8.49, while the return on equity (ROE) stood at Rs 27.36.Promoter/ FII Holding The promoters held 68.66 per cent stake in the company as of August 10, while FII and MF ownerships stood at 8.21 per cent and 7.01 per cent, respectively.Key Financials With a market capitalisation of Rs 151417.68 crore, the company operates in the IT Consulting & Software — Mid Cap industry. 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 same quarter a year ago. The company reported net profit of Rs 1151.5 crore for the latest quarter, up 4.15 per cent from the corresponding quarter last year.Technical Indicators The relative strength index (RSI) of the stock stands at 59.47.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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
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