LTIMindtree Stock Price: Due to fall in Nifty, LTIMindtree stock price fell by 2.09%.
The stock opened at Rs 6259.9 and has hit intraday highs and lows of Rs 6280.0 and Rs 6122.5 respectively in the session so far. The stock of LTIMindtree Ltd. hit a 52-week high of Rs 6355.0 and a 52-week low of Rs 4120.0.
According to BSE, the total market capitalization of LTIMindtree Ltd. at the time of writing of this report was Rs 181633.35 crore.
main financial
The company reported consolidated net sales of Rs 9048.6 crore for the quarter ended September 30, 2023, up 2.43% from Rs 8833.7 crore in the previous quarter and 7.86% up from Rs 8388.9 crore in the year-ago quarter.
Its net profit in the latest quarter was Rs 1161.8 crore, down 2.25% year-on-year.
stock holding pattern
As of September 30, 2023, domestic institutional investors held 7.23% of the company’s shares, foreign institutional investors held 8.11%, and promoters held 68.66%.
Evaluation ratio
The stock traded at a P/E multiple of 41.02 and a price-to-book ratio of 8.49, according to BSE data. A higher P/E ratio indicates that investors are willing to pay a higher price due to expectations of better future growth. Price book value represents the intrinsic value of a company and measures the price investors are prepared to pay even if the company does not grow.
LTIMindtree Ltd. belongs to the IT Consulting & Software – Mid Cap industry.
