LTIMindtree shares down 0.34% as Nifty drops

NEW DELHI: Shares of LTIMindtree Ltd. traded 0.34 per cent down in Friday's trade at 11:23AM (IST). Around 10,515 shares changed hands on the counter.

The stock opened at Rs 4150.05 and touched an intraday high and low of Rs 4213.9 and Rs 4132.5, respectively, in the session so far. The stock of LTIMindtree Ltd. quoted a 52-week high of Rs 5360.65 and a 52-week low of Rs 3733.25.

As per BSE, the total market cap of the LTIMindtree Ltd. stood at Rs 122470.9 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 8771.8 crore for the quarter ended 31-Dec-2022, up 4.56 per cent from previous quarter's Rs 8388.9 crore and up 24.48 per cent from the year-ago quarter's Rs 7046.8 crore.

The net profit for latest quarter stood at Rs 1000.5 crore, down 4.68 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2022, DIIs held 5.99 per cent stake in the firm, while foreign institutional investors held 9.21 per cent and the promoters 68.69 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 35.4 and a price-to-book ratio of 12.22. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

LTIMindtree Ltd. belongs to the IT Consulting & Software - Mid Cap industry.