Share price of LTIMindtree jumps as Sensex gains 490.1 points
Promoters held 68.6 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 7.86 per cent and 6.22 per cent, respectively.
The share price of Ltd. gained 3.63 per cent to Rs 4977.5 at 10:05AM (IST) in Friday's trade. The scrip has hit a high of Rs 5004.8 and low of Rs 4825.05 so far during the session. The stock had closed at Rs 4802.9 in the previous session.The counter has had a total traded volume of 29341 shares so far with a value of Rs 14.5 crore on the . It traded at a price-to-earnings multiple of 31.24 and a price-to-book ratio of 7.3.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 1.68 per cent during the past one year, while the 30-share index advanced 20.67 per cent during the same period.
LTIMindtree Ltd. belongs to the IT Consulting & Software - Mid Cap industry.
Promotor/FII Holding
Promoters held 68.6 per cent stake in the company as of 31-Mar-2024, while overseas investors and domestic institutional investors ownership stood at 7.86 per cent and 6.22 per cent, respectively.
Key Financials
The company reported consolidated sales of Rs 9100.5 crore for the quarter ended 31-Mar-2024, 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's Rs 8757.4 crore.
Profit for the latest quarter stood at Rs 1099.9 crore, down 1.24 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
