LTIMindtree shares rise 0.97 per cent in Monday's trading session
The Relative Strength Index of the stock stood at 39.93 on Monday.
Shares of Ltd. rose 0.97 per cent to Rs 4700.0 in Monday's trade as of 10:10AM (IST) even as the benchmark ruled at 22442.9, down 32.95 points.The scrip had closed at Rs 4654.45 in the previous session. The stock quoted a 52-week low of Rs 4466.4 and a high of Rs 6442.65. The company quoted a market-cap of Rs 137847.76 crore on the .
On BSE, 8,932 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 29.97 times its trailing 12-month EPS of Rs 154.72 per share and 7.3 times its book value. The return on equity (ROE) stood at Rs 22.89.
Key Financials
For the quarter ended 31-Mar-2024, LTIMindtree Ltd. reported consolidated sales of Rs 9100.5 crore, down 3.92 per cent from the same quarter a year ago. The company reported 1.24 per cent YoY de-growth in net profit at Rs 1099.9 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold 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
