LTIMindtree Share Price: LTIMindtree share price up 0.51 per cent

Shares of LTIMindtree Ltd. traded 0.51 per cent up at Rs 5768.0 at around 11:00AM (IST) on Tuesday. The stock had closed at Rs 5738.4 in the previous session. Equity benchmark Sensex traded 95.19 points higher at 81793.3 around the same time. The scrip has climbed 12.58 per cent in the last one year till date, while the 30-share index has gained 24.22 per cent during the same period.

The stock’s 52-week high price stood at Rs 6442.65 and the 52-week low price at Rs 4518.35.

Trading volume on the counter stood at 5,864 shares, while it quoted a price-to-earnings ratio of 37.43, an EPS value of 154.12 and a price-to-book value of 7.3. In the Nifty50 pack, 26 stocks traded in the green, while 24 stocks were in the red.

Promoter/FII Holding
Promoters held 68.6 per cent stake in the company as of 30-Jun-2024, while overseas investor and mutual funds’ ownership stood at 7.28 per cent and 5.44 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 9369.7 crore, up 2.96 per cent from the previous quarter’s Rs 9100.5 crore and up 6.07 per cent from the year-ago quarter’s Rs 8833.7 crore. The company reported net profit of Rs 1133.8 crore for the latest quarter.

Technical Indicators
The MACD signalled a bullish 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.