LTIMindtree Share Price: LTIMindtree share price rose by 0.51 percent

Actions of LTIM mental tree Ltd. was trading 0.51 per cent higher at Rs 5,768.0 at around 11:00 am (IST) on Tuesday. The stock had closed at Rs 5,738.4 in the previous session. Benchmark Equity Index Sensex The company’s 30-share index was trading 95.19 points higher at 81,793.3 at around the same time. The stock has gained 12.58 percent in the year to date, while the 30-share index has gained 24.22 percent over the same period.

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

The trading volume on the stock market stood at 5,864 shares, with a price-earnings ratio of 37.43, an EPS value of 154.12 and a price-to-book value of 7.3. In the Nifty50 group, 26 stocks were trading in the green, while 24 stocks were trading in the red.

Promoter/FII Holding
Promoters held 68.6 per cent stake in the company as of June 30, 2024, while foreign investors and mutual funds held 7.28 per cent and 5.44 per cent, respectively.

Key financial data
For the quarter ended June 30, 2024, the company reported consolidated sales of Rs 9,369.7 crore, up 2.96 per cent from Rs 9,100.5 crore in the previous quarter and up 6.07 per cent from Rs 8,833.7 crore in the same quarter last year. The company reported a net profit of Rs 1,133.8 crore for the latest quarter.

Technical indicators
The MACD indicates an uptrend in the stock market. The MACD is known for signaling trend changes 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 above the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the security’s price may experience a downward movement and vice versa.