Share price of LTIMindtree jumps as Sensex gains 347.67 points
LTIMindtree Ltd. gained 0.49 per cent to Rs 5252.55 at 01:23PM (IST) in Friday's trade. The scrip hit a high of Rs 5264.35 and low of Rs 5214.05 so far during the session.
The stock had closed at Rs 5226.6 in the previous session.
The counter had a total traded volume of 01:23PM shares so far with a turnover of Rs 1.67 crore on BSE. The stock traded at a price-to-earnings multiple of 34.87 and a price-to-book ratio of 8.49.
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.
Promotor/FII Holding Promoters held 68.66 per cent stake in the company as of 30-Jun-2023, while foreign investors and domestic institutional investors ownership stood at 8.21 per cent and 12.29 per cent, respectively.
Key Financials The firm reported consolidated net sales of Rs 8833.7 crore for the quarter ended 30-Jun-2023, up 0.87 per cent from the previous quarter's Rs 8757.4 crore and up 12.94 per cent from the year-ago quarter's Rs 7821.8 crore.
