LTIMindtree share price up 1.29 per cent

Shares of LTIMindtree Ltd. traded 1.29 per cent up at Rs 4887.0 at around 11:07AM (IST) on Monday. The stock had closed at Rs 4824.6 in the previous session. Equity benchmark Sensex traded 123.28 points higher at 62748.91 around the same time.


The scrip has climbed 12.68 per cent in the last one year till date, while the 30-share index has gained 13.87 per cent during the same period.

The stock's 52-week high price stood at Rs 5360.65 and the 52-week low price at Rs 3834.0.

Trading volume on the counter stood at 9,757 shares, while it quoted a price-to-earnings ratio of 36.26, an EPS value of 133.06 and a price-to-book value of 8.49. In the Nifty50 pack, 32 stocks traded in the green, while 18 stocks were in the red.

Promoter/FII Holding
Promoters held 68.68 per cent stake in the company as of 31-Mar-2023, while overseas investor and mutual funds' ownership stood at 8.41 per cent and 6.82 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 8757.4 crore, 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. The company reported net profit of Rs 1113.7 crore for the latest quarter.

Technical Indicators
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.