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    LTIMindtree shares rise 0.03 per cent in Thursday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 50.88 on Thursday.

    European sharesGetty Images
    Retail and banking stocks rose 0.5 per cent and 0.7 per cent, respectively.
    Shares of LTIMindtree Ltd. rose 0.03 per cent to Rs 4486.0 in Thursday's trade as of 10:41AM (IST) even as the benchmark Nifty ruled at 18137.6, up 47.75 points.

    The scrip had closed at Rs 4484.45 in the previous session. The stock quoted a 52-week low of Rs 3733.25 and a high of Rs 5360.65. The company quoted a market-cap of Rs 132587.77 crore on the BSE.

    On BSE, 3,743 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 33.68 times its trailing 12-month EPS of Rs 133.06 per share and 8.49 times its book value. The return on equity (ROE) stood at Rs 26.56.

    Key Financials
    For the quarter ended 31-Mar-2023, LTIMindtree Ltd. reported consolidated sales of Rs 8757.4 crore, down 97.43 per cent from the same quarter a year ago. The company reported 74.84 per cent YoY growth in net profit at Rs 1113.7 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

    Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
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