Share price of LTIMindtree jumps as Sensex gains 262.01 points

Share price of LTIMindtree Ltd. gained 1.2 per cent to Rs 4968.0 at 11:07AM (IST) in Friday's trade. The scrip hit a high of Rs 4988.0 and low of Rs 4915.05 so far during the session. The stock had closed at Rs 4909.1 in the previous session.

The counter had a total traded volume of 11:07AM shares so far with a turnover of Rs 1.94 crore on BSE. The stock traded at a price-to-earnings multiple of 37.3 and a price-to-book ratio of 8.49.

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 68.68 per cent stake in the company as of 31-Mar-2023, while FIIs and domestic institutional investors ownership stood at 8.41 per cent and 11.61 per cent, respectively.

Key Financials
The company reported consolidated net sales of Rs 8757.4 crore for the quarter ended 31-Mar-2023, down 0.16 per cent from the previous quarter's Rs 8771.8 crore and down 97.43 per cent from the year-ago quarter's Rs 4435.6 crore.

Its profit for the latest quarter stood at Rs 1113.7 crore, up 74.84 per cent from the same quarter a year ago.