LTIMindtree shares rise 0.42 per cent in Friday's trading session
The Relative Strength Index of the stock stood at 37.66 on Friday.
Shares of Ltd. rose 0.42 per cent to Rs 4938.4 in Friday's trade as of 11:26AM (IST) even as the benchmark ruled at 22675.55, down 78.25 points.The scrip had closed at Rs 4917.4 in the previous session. The stock quoted a 52-week low of Rs 4130.3 and a high of Rs 6442.65. The company quoted a market-cap of Rs 145408.72 crore on the .
On BSE, 2,923 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 31.64 times its trailing 12-month EPS of Rs 155.28 per share and 8.49 times its book value. The return on equity (ROE) stood at Rs 27.36.
Key Financials
For the quarter ended 31-Dec-2023, LTIMindtree Ltd. reported consolidated sales of Rs 9236.1 crore, up 5.29 per cent from the same quarter a year ago. The company reported 16.83 per cent YoY growth in net profit at Rs 1168.9 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Friday. 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
