L&T Infotech stock price up 0.55 per cent as Sensex slides

L&T Infotech stock price up 0.55 per cent as Sensex slides
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Synopsis

As of 30-Sep-2022, promoters held 74.03 per cent stake in the company, while FIIs held 8.42 per cent and domestic institutional investors had 5.09 per cent.

Reuters
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Shares of LTIMindtree Ltd rose 0.55 per cent to Rs 4358.05 at 12:38PM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 24,311 shares with a turnover of Rs 10.42 crore till 12:38PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 50.35, while the price-to-book value ratio stood at 12.22.

Return on equity (ROE) was at 26.05 per cent, according to exchange data. The stock hit an intraday high of Rs 4368.7 and a low of Rs 4226.0 during the session and quoted a 52-week high price of Rs 7595.25 and a 52-week low of Rs 3733.25.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.59.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 4792.26 on December 16, while the 50-DMA was at Rs 4758.82. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 35.73. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Sep-2022, promoters held 74.0 per cent stake in the company, while FIIs held 8.42 per cent and domestic institutional investors had 8.05 per cent.
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