Share price of L&T Infotech falls as Nifty weakens

Share price of L&T Infotech falls as Nifty weakens
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Synopsis

A total of 17,620 shares changed hands on the counter till 11:21AM (IST).

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India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
Shares of LTIMindtree Ltd slipped 2.36 per cent to Rs 4277.2 in Friday's trade as of 11:21AM (IST).

The stock hit a high price of Rs 4344.0 and low of Rs 4270.0 during the session.

The return on equity (ROE) for the stock stood at 26.05 per cent. Traded volume on the counter stood at 11:21AM shares and turnover at Rs 7.57 crore around that time.

The stock of LTIMindtree Ltd quoted a 52-week high and 52-week low prices of Rs 7595.25 and Rs 3733.25, respectively.

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

Promotor/FII Holding
Promoters held 74.0 per cent stake in the company as of 30-Sep-2022, while overseas investors held 8.42 per cent and domestic institutional investors had 8.05 per cent.

Key Financials
The company reported consolidated sales of Rs 4976.0 crore for the quarter ended 30-Sep-2022, up 6.62 per cent from previous quarter's Rs 4666.9 crore and up 28.31 per cent from the year-ago quarter's Rs 3878.2 crore.

Net profit after tax for the latest quarter stood at Rs 679.3 crore, up 23.17 per cent from the same quarter a year ago.
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