LTIMindtree shares drop 0.4% as Sensex falls

Shares of LTIMindtree Ltd. traded 0.4 per cent lower in Monday's session at 02:04PM (IST). The stock opened at Rs 4287.0 and has touched an intraday high and low of Rs 4308.8 and Rs 4211.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 7155.4 and a 52-week low of 3733.25. About 12,370 shares changed hands on the counter so far.

Benchmark Nifty50 was down 84.45 points at 17872.15, while the BSE Sensex traded 246.93 points lower at 60014.25 at the time of writing of this report.

In the Nifty pack, 14 stocks traded the day in the green, while 35 were in the red.


Key Financials
For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 4976.0 crore, up 6.62 per cent from the previous quarter's Rs 4666.9 crore and up 28.31 per cent from the year-ago quarter. The company reported net profit of Rs 679.3 crore for the latest quarter.

Promoter Holdings
Promoters held 74.0 per cent stake in the company as of 30-Sep-2022, while FIIs held 8.42 per cent and MFs 4.74 per cent.

Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 4604.55 on January 16, while the 50-DMA was at Rs 4591.42. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.