Stocks

L&T Infotech Share Price: L&T Infotech shares down 1.63% as Nifty gains

Shares of Larsen & Toubro Infotech Ltd. rose 1.63 per cent to Rs 4646.0 in Tuesday’s trade. It hit an intraday high of Rs 4705.0 and low of Rs 4580.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 7595.25 and low of Rs 3733.25.

As of 01:50PM (IST), the counter saw total traded volume of 25,645 shares with a traded value of Rs 11.87 crore, according to NSE.

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The stock had closed at Rs 4722.95 in the previous session.

The scrip has advanced 3.14 per cent in the past one month till date, while the benchmark BSE Sensex has gained 8.26 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 33.45 while price-to-book ratio stood at 12.22. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the IT Consulting & Software – Mid Cap industry.

Promoter/FII Holding
Promoters held 74.03 per cent stake in the company as of 30-Jun-2022, while FII and MF ownership in the firm stood at 8.42 per cent and 5.09 per cent, respectively.

Key Financials
The company 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. Its net profit for the latest quarter stood at Rs 633.5 crore, up 27.64 per cent from the same quarter a year ago.


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