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    LTIMindtree rises 1.08% as Sensex climbs

    Synopsis

    The stock traded at a P/E multiple of 35.4, while the price-to-book value ratio stood at 8.49.

    Brokers trade at computer terminals at stock brokerage firm in MumbaiReuters
    Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
    Shares of LTIMindtree Ltd. traded at Rs 4708.0 on BSE at 12:31PM (IST) on Friday, up 1.08 per cent from previous close.

    The scrip quoted a 52-week low price of Rs 3733.25 and a high of Rs 5360.65.

    Earlier, shares of the company saw a gap down opening in the morning.

    A total of 4,502 lakh shares changed hands on the counter till 12:31PM (IST).

    The stock of LTIMindtree Ltd. commanded a market value of Rs 139332.53 crore, according to BSE.

    The stock traded at a price-to-earning (P/E) multiple of 35.4, while the price-to-book value ratio stood at 8.49. Return on equity (ROE) was at 26.56 per cent, according to exchange data.

    In the BSE500 pack, 231 stocks traded in the green, while 270 stocks were in the red.

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

    Promotor/FII Holding
    Promoters held 68.68 per cent in LTIMindtree Ltd. as of 31-Mar-2023 while foreign portfolio investors and domestic institutional investors owned 8.41 per cent and 6.82 per cent, respectively.

    Moving averages
    The 200-DMA of the stock stood at 4607.86 on May 12, while the 50-DMA was at 4582.72. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
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