LTIMindtree shares gain 0.3% as Sensex rises
The stock quoted a 52-week high of Rs 6442.65 and a 52-week low of Rs 4565.0.
Shares of Ltd. traded 0.3 per cent higher in Wednesday's session at 10:45AM (IST). The stock opened at Rs 4750.0 and has touched an intraday high and low of Rs 4774.85 and Rs 4727.8, respectively, during the session so far.The stock quoted a 52-week high of Rs 6442.65 and a 52-week low of 4565.0. About 1,810 shares changed hands on the counter so far.
Benchmark Nifty50 was up 19.25 points at 22548.3, while the BSE traded 91.01 points higher at 74044.32 at the time of writing of this report.
In the pack, 22 stocks traded the day in the green, while 27 were in the red.
Key Financials
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 year-ago quarter. The company reported net profit of Rs 1099.9 crore for the latest quarter.
Promoter Holdings
Promoters held 68.6 per cent stake in the company as of 31-Mar-2024, while FIIs held 7.86 per cent and MFs 6.22 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 5316.28 on May 22, while the 50-DMA was at Rs 4859.67. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
