Share price of LTIMindtree as Sensex drops 17.44 points
LTIMindtree Ltd. 1.87 per cent to Rs 6723.45 at 10:09AM (IST) in Thursday's trade. The stock hit a high of Rs 6727.80 and low of Rs 6610.05 so far during the session. The stock had closed at Rs 6599.45 in the previous session.
The counter had a total traded volume of 10:09AM shares so far with a turnover of Rs 4.61 crore on BSE. The stock traded at a price-to-earnings multiple of 42.65 and a price-to-book ratio of 7.30.
A higher P/E ratio shows 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 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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