LTIMindtree shares down 0.17% as Nifty gains

NEW DELHI: Shares of LTIMindtree Ltd. traded 0.17 per cent down in Friday's trade at 01:55PM (IST). Around 15,274 shares changed hands on the counter.

The counter opened at Rs 5380.0 and touched an intraday high and low of Rs 5421.95 and Rs 5314.2, respectively, in the session so far. Shares of the company of LTIMindtree Ltd. quoted a 52-week high of Rs 6442.65 and a 52-week low of Rs 4518.35.

Total market cap of the LTIMindtree Ltd. stood at Rs 158641.39 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 9100.5 crore for the quarter ended 31-Mar-2024, down 1.47 per cent from previous quarter's Rs 9236.1 crore and down 3.92 per cent from the year-ago quarter's Rs 8757.4 crore.

The net profit for latest quarter stood at Rs 1099.9 crore, down 1.24 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2024, DIIs held 6.22 per cent stake in the firm, while foreign institutional investors held 7.86 per cent and the promoters 68.6 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 34.62 and a price-to-book ratio of 7.3. 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.