L&T Infotech shares gain 0.51% as Sensex rises

L&T Infotech shares gain 0.51% as Sensex rises
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Synopsis

A total of 12,419 shares changed hands on the counter till 12:53PM (IST)

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Shares of Larsen & Toubro Infotech Ltd. traded 0.51 per cent up at Rs 6303.05 at 12:53PM (IST) on Tuesday, even as BSE benchmark Sensex gained 864.26 points to 58878.43. The stock had closed at Rs 6271.2 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 7595.25 and Rs 3525.95, respectively.

As per BSE data, total traded volume on the counter till 12:53PM (IST) stood at 12:53PM shares with turnover at Rs 7.8 crore.

At the current price, the stock trades at 50.14 times its trailing 12-month earnings per share of Rs 125.84 per share and 9.7 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 0.59.

Shareholding Details
Promoters held 74.07 per cent stake in the company as of 31-Dec-2021, while FIIs owned 12.53 per cent and DIIs 5.41 per cent.

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