LTIMindtree shares up 3.31% as Nifty falls
LTIMindtree Ltd. rose 3.31 per cent to Rs 5940.0 in Wednesday's trade. It hit an intraday high of Rs 5957.0 and low of Rs 5770.0, respectively, during the day.
The stock quoted a 52-week high price of Rs 6442.65 and low of Rs 4518.35.
As of 10:05AM (IST), the counter saw total traded volume of 11,559 shares with a traded value of Rs 6.82 crore, according to NSE.
The stock had closed at Rs 5749.3 in the previous session.
The scrip has advanced 2.6 per cent in the past one month till date, while the benchmark BSE Sensex has gained 2.18 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 38.46 while price-to-book ratio stood at 7.3. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the IT Consulting & Software — Mid Cap industry.
Promoter/FII Holding Promoters held 68.6 per cent stake in the company as of 30-Jun-2024, while FII and MF ownership in the firm stood at 7.28 per cent and 5.44 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 9369.7 crore for the quarter ended 30-Jun-2024, up 2.96 per cent from the previous quarter's Rs 9100.5 crore and up 6.07 per cent from the year-ago quarter's Rs 8833.7 crore. Its net profit for
