Share price of L&T Infotech falls as Sensex gains 306.57 points

ICICI Pru Life shares  fall  1.88% as Nifty  drops

The share price of Larsen & Toubro Infotech Ltd. dropped 0.33 per cent to Rs 4509.1 at 11:32AM (IST) in Monday’s trade. The counter has hit a high of Rs 4571.05 and low of Rs 4504.0 so far during the session. The stock had closed at Rs 4523.95 in the previous session.

The counter has had a total traded volume of 6953 shares so far with a value of Rs 3.15 crore on the NSE. It traded at a price-to-earnings multiple of 32.52 and a price-to-book ratio of 12.22.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 17.36 per cent during the past one year, while the 30-share index advanced 3.9 per cent during the same period.

Larsen & Toubro Infotech Ltd. belongs to the IT Consulting & Software – Mid Cap industry.

Promotor/FII Holding

Promoters held 74.03 per cent stake in the company as of 30-Jun-2022, while foreign investors and domestic institutional investors ownership stood at 8.42 per cent and 5.09 per cent, respectively.

Key Financials

The firm reported consolidated sales of Rs 4666.9 crore for the quarter ended 30-Jun-2022, up 5.21 per cent from the previous quarter’s Rs 4435.6 crore and up 30.21 per cent from the year-ago quarter’s Rs 3584.1 crore.

Profit for the latest quarter stood at Rs 633.5 crore, up 27.64 per cent from the same quarter a year ago.

Source link


Please enter your comment!
Please enter your name here