L&T Infotech stock price: L&T Infotech stock drops 0.14% as Nifty drops
The certificate opened at Rs 5807.0 and touched an intraday high and low of Rs 5875.2 and Rs 5770.8, respectively, during the session so far. Shares of Larsen & Toubro Infotech Ltd. quoted a 52-week high of Rs 7595.25 and a 52-week low of Rs 3525.95.
The total market capitalization of Larsen & Toubro Infotech Ltd. stood at Rs 102,280.17 crore at the time of writing.
Key financial data
The company reported consolidated net sales of Rs 4,237.5 crores for the quarter ended December 31, 2021, up 9.26% from Rs 3,878.2 crores in the previous quarter and up 31.53% from from Rs 3,221.7 crores in the prior year quarter.
Net profit for the last quarter stood at Rs 612.0 crore, up 17.99% from the same quarter a year ago.
As of December 31, 2021, DIIs held 4.39% of the company’s capital, while foreign institutional investors held 12.53% and promoters 74.07%.
According to BSE data, the stock traded at a price-to-earnings multiple of 46.39 and a price-to-book ratio of 9.7. A higher P/E ratio shows that investors are willing to pay a higher price due to better expectations for future growth. The price-to-book ratio indicates the inherent value of a company and is the measure of the price that investors are willing to pay even if the company does not grow.
Larsen & Toubro Infotech Ltd. belongs to the IT Consulting & Software – Mid Cap industry.