L&T INFOTECH share price has hit an all-time high at Rs 4,280 (up 3.8%).
Meanwhile, the BSE IT Index is at 26,834 (up 3.5%).
Among the top gainers in the BSE IT Index today are L&T INFOTECH (up 3.8%) and ORACLE FINANCIAL (up 0.4%).
HEXAWARE TECHNOLOGIES and CYIENT (down 0.2%) are among the top losers today.
Over the last one year, L&T INFOTECH has moved up from Rs 1,831 to Rs 4,280, registering a gain of Rs 2,449 (up 132.0%).
The BSE IT has moved up from 15,658 to 26,834, registering a gain of 11,176 points (up 70.8%) during the last 12 months.
The top gainers among the BSE IT Index stocks during this same period were TATA ELXSI (up 156.6%), FIRSTSOURCE SOLUTIONS (up 139.5%) and PERSISTENT SYSTEMS (up 135.4%).
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The BSE Sensex is at 49,304 (up 1.0%). The top gainers among the BSE Sensex stocks today are HCL TECHNOLOGIES (up 6.2%), INFOSYS (up 4.6%) and HDFC (up 3.7%). Other gainers include MARUTI SUZUKI (up 2.7%) and BAJAJ AUTO (up 2.7%). The most traded stocks in the BSE Sensex are ONGC and ITC.
In the meantime, NSE Nifty is at 14,498 (up 1.0%). The top gainers in the NSE Nifty include TATA MOTORS (up 12.6%), HCL TECHNOLOGIES (up 5.9%) and INFOSYS (up 4.9%). Other gainers include WIPRO (up 3.9%) and HDFC (up 3.4%).
Over the last 12 months, the BSE Sensex has moved up from 40,677 to 49,304, registering a gain of 8,627 points (up 21.1%).
L&T INFOTECH net profit stood at Rs 5 billion for the quarter ended September 2020, compared to a profit of Rs 4 billion a year ago. Net Sales rose 6.7% to Rs 30.0 billion during the period as against Rs 28.1 billion in July-September 2019.
For the year ended March 2019, L&T INFOTECH reported 36.2% increase in net profit to Rs 15.2 billion compared to net profit of Rs 11.1 billion during FY18.
Revenue of the company grew 29.3% to Rs 94 billion during FY19.
The current Price to earnings ratio of L&T INFOTECH, based on rolling 12 month earnings, stands at 44.4x.
What else is happening in the markets today? Dig in...
Indian share markets hit fresh record highs today with the BSE Sensex crossing the 49,000-mark on hopes of a robust recovery in Q3 earnings and favourable global cues.
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