L&T TECHONOLOGY Share Price Up by 11%; BSE IT Index Up 2.2%

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L&T TECHONOLOGY Share Price Up by 11%; BSE IT Index Up 2.2%
Tue, 19 Oct 12:14 PM

L&T TECHONOLOGY share price has zoomed 11% and is presently trading at Rs 5,469.

Meanwhile, the BSE IT Index is at 36,582 (up 2.2%).

Among the top Gainers in the BSE IT Index today are L&T TECHONOLOGY (up 10.6%) and L&T INFOTECH (up 15.6%).

ECLERX SERVICES (down 0.6%) is among the top loser today.

Over the last one year, L&T TECHONOLOGY has moved up from Rs 1,786 to Rs 5,469, registering a gain of Rs 3,683 (up 200.7%).

On the other hand, the BSE IT has moved up from 22,313 to 36,582, registering a gain of 14,269 points (up 63.7%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were TATA ELXSI (up 347.5%), CYIENT (up 236.6%) and PERSISTENT SYSTEMS (up 215.4%).

Find Out: How to Profit from 21st Century's BIGGEST Revolution

What About the Benchmark Indices?

The BSE Sensex is at 62,202 (up 0.6%).

The top gainers among the BSE Sensex stocks today are TECH MAHINDRA (up 4.4%), L&T (up 3.3%) and BAJAJ FINSERV (up 2.3%). Other gainers include INFOSYS (up 1.9%) and HUL (up 1.7%). The most traded stocks in the BSE Sensex are NTPC and INFOSYS.

In the meantime, NSE Nifty is at 18,604 (up 0.6%). The top gainers in the NSE Nifty include TECH MAHINDRA (up 4.6%), L&T (up 3.4%) and BAJAJ FINSERV (up 2.7%). Other gainers include WIPRO (up 2.0%) and INFOSYS (up 1.9%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,795 to 62,202, registering a gain of 21,407 points (up 52.31%).

L&T TECHONOLOGY Financial Update...

L&T TECHONOLOGY net profit stood at Rs 2 billion for the quarter ended June 2021, compared to a profit of Rs 2 billion a year ago. Net Sales rose 8.4% to Rs 15.2 billion during the period as against Rs 14.0 billion in April-June 2020.

For the year ended March 2021, L&T TECHONOLOGY reported 19.0% decrease in net profit to Rs 6.7 billion compared to net profit of Rs 8.2 billion during FY20.

Revenue of the company grew 3.0% to Rs 54 billion during FY21.

The current Price to earnings ratio of L&T TECHONOLOGY, based on rolling 12 month earnings, stands at 73.3x.



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