L&T Infotech shares up 0.26% as Nifty drops

NEW DELHI: Shares of Larsen & Toubro Infotech Ltd. traded 0.26 per cent up in Wednesday's trade at 12:02PM (IST). Around 2,380 shares changed hands on the counter.

The stock opened at Rs 6140.0 and touched an intraday high and low of Rs 6175.4 and Rs 6115.0, respectively, in the session so far. The stock of Larsen & Toubro Infotech Ltd. quoted a 52-week high of Rs 7595.25 and a 52-week low of Rs 3525.95.

As per BSE, the total market cap of the Larsen & Toubro Infotech Ltd. stood at Rs 107762.02 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 4237.5 crore for the quarter ended 31-Dec-2021, up 9.26 per cent from previous quarter's Rs 3878.2 crore and up 31.53 per cent from the year-ago quarter's Rs 3221.7 crore.

The net profit for latest quarter stood at Rs 612.0 crore, up 17.99 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2021, DIIs held 4.39 per cent stake in the firm, while foreign institutional investors held 12.53 per cent and the promoters 74.07 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 48.87 and a price-to-book ratio of 9.7. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

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