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    LTIMindtree rises 0.15% as Sensex climbs

    Synopsis

    The stock traded at a P/E multiple of 37.56, while the price-to-book value ratio stood at 8.49.

    A broker watches a TV news channel as another monitors share prices at a brokerage firm in MumbaiReuters
    On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
    Shares of LTIMindtree Ltd. traded at Rs 4996.85 on BSE at 12:09PM (IST) on Tuesday, up 0.15 per cent from previous close.

    The scrip quoted a 52-week low price of Rs 3834.0 and a high of Rs 5360.65.

    Earlier, the stock saw a gap up opening in the morning.

    A total of 6,767 lakh shares changed hands on the counter till 12:09PM (IST).

    The stock of LTIMindtree Ltd. commanded a market value of Rs 147827.08 crore, according to BSE.

    The stock traded at a price-to-earning (P/E) multiple of 37.56, 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, 264 stocks traded in the green, while 237 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 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 4622.87 on May 30, while the 50-DMA was at 4614.08. 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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