Share price of LTIMindtree jumps as Sensex gains 349.24 points
A total of 9,219 shares changed hands on the counter till 11:00AM (IST)
Share price of Ltd. gained 1.11 per cent to Rs 4829.35 at 11:00AM (IST) in Thursday's trade. The scrip hit a high of Rs 4834.45 and low of Rs 4776.0 so far during the session. The stock had closed at Rs 4775.9 in the previous session.The counter had a total traded volume of 11:00AM shares so far with a turnover of Rs 4.43 crore on . The stock traded at a price-to-earnings multiple of 30.87 and a price-to-book ratio of 7.3.
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 68.6 per cent stake in the company as of 31-Mar-2024, while FIIs and domestic institutional investors ownership stood at 7.86 per cent and 13.39 per cent, respectively.
Key Financials
The firm reported consolidated net sales of Rs 9100.5 crore for the quarter ended 31-Mar-2024, down 1.47 per cent from the previous quarter's Rs 9236.1 crore and down 3.92 per cent from the year-ago quarter's Rs 8757.4 crore.
Its profit for the latest quarter stood at Rs 1099.9 crore, down 1.24 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
