Shares of LTIMindtree Ltd. traded 0.72% up in Friday’s trade at 11:16AM (IST). The scrip opened at Rs 5533.2 and touched an intraday high and low of Rs 5550.0 and Rs 5510.2, respectively, in the session so far. The company of LTIMindtree Ltd. quoted a 52-week high of Rs 6442.65 and a 52-week low of Rs 4130.3.
As per BSE, the total market cap of the LTIMindtree Ltd. stood at Rs 163581.48 crore at the time of writing this report.
The company reported consolidated net sales of Rs 9236.1 crore for the quarter ended 31-Dec-2023, up 2.07% from the previous quarter’s Rs 9048.6 crore and up 5.29% from the year-ago quarter’s Rs 8771.8 crore. The net profit for the latest quarter stood at Rs 1168.9 crore, up 16.83% from the same quarter a year ago.
As of 31-Dec-2023, domestic institutional investors held 7.06% stake in the company, while foreign institutional investors held 8.65% and the promoters 68.64%.
According to BSE data, the stock traded at a P/E multiple of 35.59 and a price-to-book ratio of 8.49. 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.
