LTIMindtree shares down 0.43% as Nifty gains

NEW DELHI: Shares of LTIMindtree Ltd. traded 0.43 per cent down in Wednesday's trade at 11:38AM (IST). Around 3,173 shares changed hands on the counter.

The scrip opened at Rs 4280.55 and touched an intraday high and low of Rs 4300.0 and Rs 4257.0, respectively, in the session so far. The stock of LTIMindtree Ltd. quoted a 52-week high of Rs 7155.4 and a 52-week low of Rs 3733.25.

Total market cap of the LTIMindtree Ltd. stood at Rs 126094.86 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 4976.0 crore for the quarter ended 30-Sep-2022, up 6.62 per cent from previous quarter's Rs 4666.9 crore and up 28.31 per cent from the year-ago quarter's Rs 3878.2 crore.

The net profit for latest quarter stood at Rs 679.3 crore, up 23.17 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2022, domestic institutional investors held 4.74 per cent stake in the firm, while foreign institutional investors held 8.42 per cent and the promoters 74.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 49.22 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.