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    LTIMindtree declines 0.92% as Sensex climbs

    Synopsis

    The stock traded at a P/E multiple of 37.43, while the price-to-book value ratio stood at 8.49.

    NiftyGetty Images
    India 10-year bond yield rose 0.05 per cent to 6.03 after trading in 6.02-6.04 range.
    Shares of LTIMindtree Ltd. traded at Rs 4974.0 on BSE at 01:22PM (IST) on Wednesday, down 0.92 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 3,918 lakh shares changed hands on the counter till 01:22PM (IST).

    The stock of LTIMindtree Ltd. commanded a market value of Rs 147319.74 crore, according to BSE.

    The stock traded at a price-to-earning (P/E) multiple of 37.43, 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, 299 stocks traded in the green, while 202 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 4634.75 on June 21, while the 50-DMA was at 4702.47. 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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