Share price of L&T Infotech rises as Nifty strengthens

Shares of Larsen & Toubro Infotech Ltd. gained 3.86 per cent to Rs 5964.7 in Friday's trade as of 10:15AM (IST).

The stock hit a high price of Rs 6003.85 and low of Rs 5790.45 during the session.

The return on equity (ROE) for the stock stood at 26.8 per cent. Traded volume on the counter stood at 10:15AM shares and turnover at Rs 5.07 crore around that time.


The stock of Larsen & Toubro Infotech Ltd. quoted a 52-week high and 52-week low prices of Rs 7595.25 and Rs 3525.95, 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 74.07 per cent stake in the company as of 31-Dec-2021, while FIIs held 12.53 per cent and domestic institutional investors had 5.41 per cent.

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.

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