LTIMindtree shares up 0.8% as Nifty gains

Shares of LTIMindtree Ltd. rose 0.8 per cent to Rs 4878.6 in Monday's trade. It hit an intraday high of Rs 4878.6 and low of Rs 4806.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 5425.0 and low of Rs 4120.0.

As of 11:57AM (IST), the counter saw total traded volume of 2,858 shares with a traded value of Rs 138.0 crore, according to NSE.


The stock had closed at Rs 4840.3 in the previous session.

The scrip has declined -6.15 per cent in the past one month till date, while the benchmark BSE Sensex has gained 4.63 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 32.39 while price-to-book ratio stood at 8.49. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the IT Consulting & Software - Mid Cap industry.

Promoter/FII Holding
Promoters held 68.66 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 8.21 per cent and 7.01 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 8833.7 crore for the quarter ended 30-Jun-2023, up 0.87 per cent from the previous quarter's Rs 8757.4 crore and up 12.94 per cent from the year-ago quarter's Rs 7821.8 crore. Its net profit for the latest quarter stood at Rs 1151.5 crore, up 4.15 per cent from the same quarter a year ago.