Share price of LTIMindtree jumps as Sensex drops 94.37 points

Share price of LTIMindtree Ltd. gained 1.19 per cent to Rs 4693.7 at 01:48PM (IST) in Wednesday's trade. The counter hit a high of Rs 4704.45 and low of Rs 4587.0 so far during the session. The stock had closed at Rs 4638.7 in the previous session.

The counter had a total traded volume of 01:48PM shares so far with a turnover of Rs 3.99 crore on BSE. The stock traded at a price-to-earnings multiple of 47.13 and a price-to-book ratio of 12.22.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding
Promoters held 68.69 per cent stake in the company as of 31-Dec-2022, while foreign investors and domestic institutional investors ownership stood at 9.21 per cent and 10.39 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 8771.8 crore for the quarter ended 31-Dec-2022, up 76.28 per cent from the previous quarter's Rs 4976.0 crore and up 107.0 per cent from the year-ago quarter's Rs 4237.5 crore.

Its profit for the latest quarter stood at Rs 1000.5 crore, up 63.48 per cent from the same quarter a year ago.