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LTIMINDTREE Gains 3%; BSE IT Index Down 0.2%
Wed, 28 Aug 9:48

LTIMINDTREE Gains 3%; BSE IT Index Down 0.2%Image source: Kameleon007 /www.istockphoto.com

LTIMINDTREE share price has zoomed 3% and is presently trading at Rs 5,925.0.

Meanwhile, the BSE IT index is at 42,620.0 (down 0.2%).

Among the top gainers in the BSE IT index today are INFIBEAM AVENUES (up 2.1%) and L&T TECHNOLOGY SERVICES (up 1.1%).

Tata Elxsi (down 4.7%) and CYIENT (down 1.7%) are among the top losers today.

Over the last one year, LTIMINDTREE has moved up from Rs 5,125.1 to Rs 5,925.0, registering a gain of Rs 800.0 (up 15.6%).

On the other hand, the BSE IT index has moved up from 31,145.7 to 42,620.0, registering a gain of 36.8% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 174.2%), INFIBEAM AVENUES (up 123.4%) and PERSISTENT SYSTEMS (up 92.0%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,671.4 .

The top losers among the BSE Sensex today are Bajaj Finserv (down 1.0%) and Tata Steel (down 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,992.0 (down 0.1%). Hero Motocorp and TATA STEEL 2% CCPS are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,996.6 to 81,671.4, registering a gain of 16,674.8 points (up 25.7%).

LTIMINDTREE Financial Update...

LTIMINDTREE net profit fell 1.5% YoY to Rs 11,351 million for the quarter ended June 2024, compared to a profit of Rs 11,523 million a year ago. Net sales rose 5.1% to Rs 91,426 million during the period as against Rs 87,021 million in April-June 2023.

For the year ended March 2024, LTIMINDTREE reported 4.0% increase in net profit to Rs 45,846 million compared to net profit of Rs 44,103 million during FY23. Revenue of the company grew 7.0% to Rs 355,170 million during FY24.

The current Price to earnings ratio of LTIMINDTREE, based on rolling 12 month earnings, stands at 38.4.


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