NEW DELHI: LTIMindtree Ltd. shares were up by 0.21% on Wednesday morning, trading at 10:57 AM (IST). About 703 shares changed hands. The stock opened at Rs 6209.95, reaching a high of Rs 6234.00 and a low of Rs 6150.75 during the day. Currently, LTIMindtree has a 52-week high of Rs 6575.00 and a low of Rs 4518.35. As of this report, its total market value is Rs 182,900.97 crore.
Key Financials: For the quarter ending September 30, 2024, the company reported net sales of Rs 9731.80 crore, which is a 3.86% increase from the previous quarter and a 7.55% rise from the same quarter last year. The net profit for this quarter was Rs 1251 crore, up by 7.68% compared to last year.
Shareholding Pattern: As of September 30, 2024, domestic institutional investors (DIIs) owned 5.38% of the company, foreign institutional investors held 7.39%, and the promoters owned 68.6%.
Valuation Ratio: According to Niftystat, the stock has a price-to-earnings ratio of 39.30 and a price-to-book ratio of 7.30. A higher P/E ratio suggests that investors expect good growth in the future, while the price-to-book value shows what investors are ready to pay even if the business isn’t growing.
LTIMindtree Ltd. operates in the IT consulting and software industry, specifically in the mid-cap sector.
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