Share price of LTIMindtree jumps as Sensex gains 213.12 points
LTIMindtree Ltd. gained 0.5 per cent to Rs 5111.2 at 12:19PM (IST) in Monday's trade. The counter has hit a high of Rs 5120.95 and low of Rs 5064.4 so far during the session.
The stock had closed at Rs 5085.6 in the previous session. The counter has had a total traded volume of 6408 shares so far with a value of Rs 326.0 crore on the NSE. It traded at a price-to-earnings multiple of 33.87 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 reflects the price investors are willing to pay even for no growth in the business. The scrip gained 4.49 per cent during the past one year, while the 30-share index advanced 9.25 per cent during the same period.
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 7.01 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. Profit for the latest quarter stood at Rs 1151.5 crore, up 4.15 per cent from the same quarter a year ago.
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