L&T Infotech shares down 0.49% as Sensex rises
A total of 11,008 shares changed hands on the counter till 01:29PM (IST)
By ETMarkets.com |
Reuters
Shares of Larsen & Toubro Infotech Ltd. fell 0.49 per cent to Rs 5965.0 in Wednesday's session as of 01:29PM (IST) even as the equity benchmark Sensex traded 260.85 points higher at 57561.53.
Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 7595.25 and a 52-week low of Rs 3525.95 on NSE. Around 11008 shares changed hands on the counter till 01:29PM (IST).
The stock opened at Rs 6020.0 and has touched an intraday high and low of Rs 6072.9 and Rs 5943.1 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 47.27, earnings per share (EPS) of Rs 125.84 and price to book value (PB) of 9.7, while the return on equity (ROE) stood at Rs 26.8.
Promoter/ FII Holding
The promoters held 74.07 per cent stake in the company as of February 23, while FII and MF ownerships stood at 12.53 per cent and 4.39 per cent, respectively.
Key Financials
With a market capitalisation of Rs 104224.27 crore, the company operates in the IT Consulting & Software - Mid Cap industry. For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 4237.5 crore, up 9.26 per cent from the previous quarter?s Rs 3878.2 crore and up 31.53 per cent from the same quarter a year ago. The company reported net profit of Rs 612.0 crore for the latest quarter, up 17.99 per cent from the corresponding quarter last year.
The relative strength index (RSI) of the stock stands at 41.42. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 7595.25 and a 52-week low of Rs 3525.95 on NSE. Around 11008 shares changed hands on the counter till 01:29PM (IST).
The stock opened at Rs 6020.0 and has touched an intraday high and low of Rs 6072.9 and Rs 5943.1 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 47.27, earnings per share (EPS) of Rs 125.84 and price to book value (PB) of 9.7, while the return on equity (ROE) stood at Rs 26.8.
Promoter/ FII Holding
The promoters held 74.07 per cent stake in the company as of February 23, while FII and MF ownerships stood at 12.53 per cent and 4.39 per cent, respectively.
Key Financials
With a market capitalisation of Rs 104224.27 crore, the company operates in the IT Consulting & Software - Mid Cap industry. For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 4237.5 crore, up 9.26 per cent from the previous quarter?s Rs 3878.2 crore and up 31.53 per cent from the same quarter a year ago. The company reported net profit of Rs 612.0 crore for the latest quarter, up 17.99 per cent from the corresponding quarter last year.
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Technical Indicators The relative strength index (RSI) of the stock stands at 41.42. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
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