LTIMindtree shares down 0.18% as Sensex falls
A total of 3,541 shares changed hands on the counter till 01:19PM (IST)
Shares of Ltd. fell 0.18 per cent to Rs 5111.0 in Monday's session as of 01:19PM (IST) even as the equity benchmark traded 380.94 points lower at 73738.45.Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 6442.65 and a 52-week low of Rs 4130.3 on . Around 3541 shares changed hands on the counter till 01:19PM (IST).
The stock opened at Rs 5123.0 and has touched an intraday high and low of Rs 5123.0 and Rs 5056.25 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 32.87, earnings per share (EPS) of Rs 155.28 and price to book value (PB) of 8.49, while the return on equity (ROE) stood at Rs 27.36.
Promoter/ FII Holding
The promoters held 68.64 per cent stake in the company as of March 11, while FII and MF ownerships stood at 8.65 per cent and 7.06 per cent, respectively.
Key Financials
With a market capitalisation of Rs 151075.13 crore, the company operates in the IT Consulting & Software - Mid Cap industry. For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 9236.1 crore, up 2.07 per cent from the previous quarter?s Rs 9048.6 crore and up 5.29 per cent from the same quarter a year ago. The company reported net profit of Rs 1168.9 crore for the latest quarter, up 16.83 per cent from the corresponding quarter last year.
Technical Indicators
The relative strength index (RSI) of the stock stands at 30.4. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
