Share price of LTIMindtree falls as Sensex drops 268.61 points
LTIMindtree Ltd. dropped 1.32 per cent to Rs 6374.25 at 01:49PM (IST) in Wednesday's trade. The scrip hit a high of Rs 6459.6 and low of Rs 6344.0 so far during the session. The stock had closed at Rs 6459.6 in the previous session.
The counter had a total traded volume of 01:49PM shares so far with a turnover of Rs 1.39 crore on BSE. The stock traded at a price-to-earnings multiple of 41.32 and a price-to-book ratio of 7.3.
A higher price-to-earnings 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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