Share price of L&T Infotech falls as Sensex drops 689.51 points

Share price of L&T Infotech falls as Sensex drops 689.51 points
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

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

Getty Images
India 10-year bond yield fell 0.41 per cent to 5.89 after trading in 5.87-5.91 range
The share price of Larsen & Toubro Infotech Ltd. dropped 0.61 per cent to Rs 4620.0 at 11:06AM (IST) in Monday's trade. The counter has hit a high of Rs 4620.0 and low of Rs 4545.05 so far during the session. The stock had closed at Rs 4648.55 in the previous session.

The counter has had a total traded volume of 6314 shares so far with a value of Rs 2.89 crore on the NSE. It traded at a price-to-earnings multiple of 33.48 and a price-to-book ratio of 12.22.

A higher price-to-earnings ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 22.76 per cent during the past one year, while the 30-share index slipped -3.76 per cent during the same period.

Larsen & Toubro Infotech Ltd. belongs to the IT Consulting & Software - Mid Cap industry.

Promotor/FII Holding
Promoters held 74.03 per cent stake in the company as of 30-Jun-2022, while FIIs and domestic institutional investors ownership stood at 8.42 per cent and 5.09 per cent, respectively.

Key Financials
The company reported consolidated net 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.

Profit for the latest quarter stood at Rs 633.5 crore, up 27.64 per cent from the same quarter a year ago.

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by