Last Traded Price
The price at which the most recent trade in a security was executed on the exchange.
Formula
LTP = execution price of the most recent trade, regardless of its size
Unit
₹
In depth
The LTP is a historical fact about one completed transaction, which may have been for a single share, and it carries no promise about the next one. In an illiquid stock it can be minutes or hours old and sit far from the current bid and ask, making portfolio valuations misleading. Traders often anchor on the LTP and then feel cheated when a market order fills a few paise away; the fill happens at the best available opposite side of the book, which is a different number by definition. For valuation, the mid-price between bid and ask is usually more honest than the LTP.
Worked example
The LTP is ₹250.00 from a one-share trade twenty minutes ago. The current book shows a best bid of ₹248.00 and best ask of ₹252.00. A market buy fills at ₹252.00, which is 0.8% above the LTP — the LTP was simply stale.
Illustrative figures, chosen so the arithmetic is easy to follow. Not a live price and not a valuation of any company.
Educational reference only
This entry explains what “Last Traded Price” means. It is not investment advice and not a recommendation to buy or sell any security. Any numbers above are illustrative, not live prices, and nothing here predicts price direction or rates a stock. Consider your own circumstances and consult a SEBI-registered investment adviser before acting.