LTIMindtree shares down 0.97% as Nifty gains
A total of 18,512 shares changed hands on the counter till 01:07PM (IST).
NEW DELHI: Shares of Ltd. traded 0.97 per cent down in Friday's trade at 01:07PM (IST). Around 18,512 shares changed hands on the counter.The stock opened at Rs 4650.0 and touched an intraday high and low of Rs 4668.15 and Rs 4599.0, respectively, in the session so far. The stock of LTIMindtree Ltd. quoted a 52-week high of Rs 6442.65 and a 52-week low of Rs 4130.3.
Total market cap of the LTIMindtree Ltd. stood at Rs 137852.52 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 9236.1 crore for the quarter ended 31-Dec-2023, up 2.07 per cent from previous quarter's Rs 9048.6 crore and up 5.29 per cent from the year-ago quarter's Rs 8771.8 crore.
The net profit for latest quarter stood at Rs 1168.9 crore, up 16.83 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 7.06 per cent stake in the company, while foreign institutional investors held 8.65 per cent and the promoters 68.64 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 29.99 and a price-to-book ratio of 8.49. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
Source: Stocks-Markets-Economic Times
