LTIMindtree declines 1.2% as Sensex climbs

Earlier, the stock saw a gap down opening in the morning.

A total of 12,668 lakh shares changed hands on the counter till 02:04PM (IST).

The stock of LTIMindtree Ltd. commanded a market value of Rs 137992.88 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 29.97, while the price-to-book value ratio stood at 7.3. Return on equity (ROE) was at 22.89 per cent, according to exchange data.

In the BSE500 pack, 345 stocks traded in the green, while 156 stocks were in the red.

The stock's beta value, which measures volatility in relation to the broader market, stood at 0.59.

Promotor/FII Holding
Promoters held 68.6 per cent in LTIMindtree Ltd. as of 31-Mar-2024 while foreign and domestic institutional investors owned 7.86 per cent and 6.22 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 5323.57 on May 10, while the 50-DMA was at 4957.36. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.