LTIMindtree shares down 0.15% as Sensex rises

The stock opened at Rs 4915.0 and has touched an intraday high and low of Rs 4931.0 and Rs 4871.2 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 31.77, earnings per share (EPS) of Rs 154.72 and price to book value (PB) of 7.3, while the return on equity (ROE) stood at Rs 22.89.

Promoter/ FII Holding
The promoters held 68.6 per cent stake in the company as of May 28, while FII and MF ownerships stood at 7.86 per cent and 6.22 per cent, respectively.

Key Financials
With a market capitalisation of Rs 145564.3 crore, the company operates in the IT Consulting & Software - Mid Cap industry. For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 9100.5 crore, down 1.47 per cent from the previous quarter?s Rs 9236.1 crore and down 3.92 per cent from the same quarter a year ago. The company reported net profit of Rs 1099.9 crore for the latest quarter, down 1.24 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 60.43. 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.