L&T INFOTECH Share Price Down by 5%; BSE IT Index Down 1.4%
Mon, 18 Jan 03:04 PM

L&T INFOTECH share price has plunged 5% and is presently trading at Rs 4,365.

Meanwhile, the BSE IT Index is at 26,396 (down 1.4%).

Among the top losers in the BSE IT Index today is L&T INFOTECH (down 5.2%).

TATA ELXSI (up 5.1%) and FIRSTSOURCE SOLUTIONS (up 2.5%) are among the top gainers today.

Over the last one year, L&T INFOTECH has moved up from Rs 1,878 to Rs 4,365, registering a gain of Rs 2,487 (up 132.4%)..

The BSE IT has moved up from 16,167 to 26,396, registering a gain of 10,229 points (up 63.3%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were TATA ELXSI (up 174.3%), PERSISTENT SYSTEMS (up 132.1%) and FIRSTSOURCE SOLUTIONS (up 119.9%).

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

What About the Benchmark Indices?

The BSE Sensex is at 49,122 (down 0.8%). The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 2.8%), TITAN (up 1.8%) and ITC (up 1.5%). Other gainer include HDFC BANK (up 1.1%). The most traded stocks in the BSE Sensex are ITC and RELIANCE IND..

In the meantime, NSE Nifty is at 14,459 (down 0.8%). UPL (up 7.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 41,953 to 49,122, registering a gain of 7,169 points (up 16.00%).

L&T INFOTECH Financial Update...

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 42.4x.



What else is happening in the markets today? Dig in...

  

Stock Market Updates

Jan 18, 2021 Closing

Indian share markets witnessed huge selling pressure today, in line with global equities and fell on to bearish territory.

Jan 18, 2021 03:34 PM

ONGC share price is trading down by 5% and its current market price is Rs 102. The BSE OIL & GAS is down by 2.0%. The top gainers in the BSE OIL & GAS Index are RELIANCE IND. (up 2.2%) and HPCL (up 0.5%). The top losers are ONGC (down 5.1%) and PETRONET LNG (down 6.9%).

Jan 18, 2021 03:34 PM

NMDC share price is trading down by 5% and its current market price is Rs 122. The BSE 500 is down by 1.6%. The top gainers in the BSE 500 Index are UPL (up 6.1%) and TATA ELXSI (up 6.0%). The top losers are NMDC (down 5.1%) and L&T INFOTECH (down 6.5%).

Jan 18, 2021 03:32 PM

HEG share price is trading down by 5% and its current market price is Rs 1,004. The BSE CAPITAL GOODS is down by 1.2%. The top gainers in the BSE CAPITAL GOODS Index are SIEMENS (up 0.7%) and SCHAEFFLER INDIA . The top losers are HEG (down 5.1%) and GRAPHITE INDIA (down 5.1%).

Jan 18, 2021 03:30 PM

COFORGE share price is trading down by 5% and its current market price is Rs 2,654. The BSE IT is down by 1.8%. The top gainers in the BSE IT Index are TATA ELXSI (up 5.6%) and FIRSTSOURCE SOLUTIONS (up 0.4%). The top losers are COFORGE (down 5.0%) and L&T INFOTECH (down 6.8%).

Jan 18, 2021 03:30 PM

ASTRAZENECA PHARMA share price is trading down by 5% and its current market price is Rs 4,200. The BSE HEALTHCARE is down by 2.5%. The top gainers in the BSE HEALTHCARE Index are GSK PHARMA (up 1.2%) and IPCA LABS (up 1.0%). The top losers are ASTRAZENECA PHARMA (down 5.3%) and WOCKHARDT (down 5.2%).

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