Shares of LTIMindtree rise as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 5292.5.
Shares of Ltd. gained 0.1 per cent to Rs 5475.9 in Wednesday's trade as of 12:58PM (IST). It hit a high of Rs 5501.5 and low of Rs 5437.85 during the session.The stock quoted a 52-week high price of Rs 6442.65 and a low of Rs 4518.35. The return on equity for the stock stood at 23.45 per cent. About 4,222 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.59.
The scrip has been an underperformer, up 13.5 per cent in the past one year in comparison with a 27.69 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 4518.35 on July 03, while the 50-DMA was at Rs 4879.19. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 68.6 per cent stake in LTIMindtree Ltd. as of 31-Mar-2024. Mutual funds and foreign institutional investors held 6.22 per cent and 7.86 per cent stake.
Source: Stocks-Markets-Economic Times
