LTIMINDTREE Plunges 7%; BSE IT Index Down 4.5%
Wed, 3 Jun 10:22
Image source: ipopba/www.istockphoto.comLTIMINDTREE share price has plunged 7% and is presently trading at Rs 4,041.0.
Meanwhile, the BSE IT index is at 28,762.4 (down 4.5%).
Among the top losers in the BSE IT index today are TCS (down 7.2%) and Tech Mahindra (down 5.0%).
INDIAMART INTERMESH (up 0.2%) is among the top gainers today.
Over the last one year, LTIMINDTREE has moved down from Rs 5,071.6 to Rs 4,041.0, registering a loss of Rs 1,030.6 (down 20.3%).
On the other hand, the BSE IT index has moved down from 36,681.9 to 28,762.4, registering a loss of 21.6% during the last 12 months.
The top losers among the BSE IT index stocks during this same period were ROUTE MOBILE (down 44.5%), KPIT TECHNOLOGIES (down 41.8%) and INTELLECT DESIGN (down 39.3%).
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What About the Benchmark Indices?
The BSE Sensex is at 73,758.8 (down 1.2%).
The top losers among the BSE Sensex today are TCS (down 7.2%) and Tech Mahindra (down 5.0%). The most traded stocks in the BSE Sensex are TCS and ITC.
In the meantime, NSE Nifty is at 23,265.3 (down 0.9%). TCS and Tech Mahindra are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved down from 81,373.8 to 73,758.8, registering a loss of 7,614.9 points (down 9.4%).
LTIMINDTREE Financial Update...
LTIMINDTREE net profit grew 22.9% YoY to Rs 13,873 million for the quarter ended March 2026, compared to a profit of Rs 11,286 million a year ago. Net sales rose 15.6% to Rs 112,917 million during the period as against Rs 97,717 million in January-March 2025.
For the year ended March 2026, LTIMINDTREE reported 8.3% increase in net profit to Rs 49,827 million compared to net profit of Rs 46,020 million during FY25. Revenue of the company grew 11.3% to Rs 423,076 million during FY26.
The current Price to earnings ratio of LTIMINDTREE, based on rolling 12 month earnings, stands at 24.1.
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