Share price of LTIMindtree jumps as Sensex drops 116.1 points
LTIMindtree Ltd. gained 0.64 per cent to Rs 5182.85 at 11:26AM (IST) in Tuesday's trade. The stock hit a high of Rs 5209.0 and low of Rs 5130.05 so far during the session.
The stock had closed at Rs 5149.7 in the previous session.
The counter had a total traded volume of 11:26AM shares so far with a turnover of Rs 2.85 crore on BSE. The stock traded at a price-to-earnings multiple of 34.71 and a price-to-book ratio of 8.49.
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.
Promotor/FII Holding Promoters held 68.66 per cent stake in the company as of 30-Sep-2023, while overseas investors and domestic institutional investors ownership stood at 8.11 per cent and 12.81 per cent, respectively.
Key Financials The firm reported consolidated sales of Rs 9048.6 crore for the quarter ended 30-Sep-2023, up 2.43 per cent from the previous quarter's Rs 8833.7 crore and up 7.86 per cent from the year-ago quarter's Rs 8388.9 crore.
