LTIMindtree shares up 0.25% as Nifty gains

NEW DELHI: Shares of LTIMindtree Ltd. traded 0.25 per cent up in Wednesday's trade at 12:35PM (IST). Around 3,083 shares changed hands on the counter.

The stock opened at Rs 4712.05 and touched an intraday high and low of Rs 4760.0 and Rs 4710.15, respectively, in the session so far. The stock of LTIMindtree Ltd. quoted a 52-week high of Rs 6429.4 and a 52-week low of Rs 3733.25.

Total market cap of the LTIMindtree Ltd. stood at Rs 140187.75 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 8771.8 crore for the quarter ended 31-Dec-2022, up 4.56 per cent from previous quarter's Rs 8388.9 crore and up 24.48 per cent from the year-ago quarter's Rs 7046.8 crore.

The net profit for latest quarter stood at Rs 1000.5 crore, down 4.68 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2022, domestic institutional investors held 5.99 per cent stake in the company, while foreign institutional investors held 9.21 per cent and the promoters 68.69 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 40.52 and a price-to-book ratio of 12.22. 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.