In the stock market on Wednesday, shares of LTIMindtree Ltd. dropped by 0.74% to reach Rs 5799.00 at 11:56 AM in India, even though the overall market, represented by the Sensex, was doing well and up by 199.42 points at 76037.78. The stock started the day low, but earlier in the session, it opened at Rs 5756.00. Throughout the morning, it traded between a high of Rs 5811.65 and a low of Rs 5690.00.
LTIMindtree has a 52-week high of Rs 6764.80 and a low of Rs 4518.35. So far today, about 3670 shares have been traded. The company’s price-to-earnings (PE) ratio is 37.50, meaning its stock price is 37.5 times its earnings per share (EPS), which is Rs 154.25. It also has a price-to-book (PB) ratio of 7.30 and a return on equity (ROE) of 23.45.
Looking at ownership, the promoters hold 68.57% of the company. Foreign Institutional Investors (FII) own 7.45%, while Mutual Funds (MF) own 5.4%.
With a market value of Rs 171401.19 crore, LTIMindtree is a mid-sized player in the IT Consulting & Software industry. For the last quarter that ended on December 31, 2024, the company reported sales of Rs 9873.40 crore, which is a slight increase of 1.46% compared to the previous quarter and up 6.9% from the same quarter last year. Their net profit for this period was Rs 1085.4 crore, up 7.14% year-over-year.
As for technical analysis, the stock’s relative strength index (RSI) stands at 45.29. This number helps traders judge if a stock is overbought (above 70) or oversold (below 30). However, analysts caution that the RSI should not be the only measure used when making trading decisions, similar to how one can’t judge a stock by just one financial ratio.
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