L&T Infotech shares up 0.8% as Nifty gains

NEW DELHI: Shares of Larsen & Toubro Infotech Ltd. traded 0.8 per cent up in Wednesday's trade at 11:47AM (IST). Around 5,138 shares changed hands on the counter.

The counter opened at Rs 6390.0 and touched an intraday high and low of Rs 6390.0 and Rs 6281.65, respectively, in the session so far. Shares of the company of Larsen & Toubro Infotech Ltd. quoted a 52-week high of Rs 7595.25 and a 52-week low of Rs 3525.95.

Total market cap of the Larsen & Toubro Infotech Ltd. stood at Rs 111304.15 crore at the time of writing this report.


Key Financials
The company reported consolidated net 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 corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2021, DIIs held 4.39 per cent stake in the company, 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 price-to-earnings multiple of 50.48 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.