L&T INFOTECH LTD Share Price Down by 5%; BSE IT Index Down 0.5%

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L&T INFOTECH LTD Share Price Down by 5%; BSE IT Index Down 0.5%
Tue, 22 Sep 10:17 AM

L&T INFOTECH LTD share price has plunged 5% and is presently trading at Rs 2,673.

Meanwhile, the BSE IT Index is at 20,054 (down 0.5%).

Among the top losers in the BSE IT Index today is L&T INFOTECH LTD (down 5.0%).

HCL TECHNOLOGIES (up 1.3%) and TCS (up 0.6%) are among the top gainers today.

Over the last one year, L&T INFOTECH LTD has moved up from Rs 1,585 to Rs 2,673, registering a gain of Rs 1,088 (up 68.6%)..

The BSE IT has moved up from 15,958 to 20,054, registering a gain of 4,096 points (up 25.7%) during the last 12 months.

The top buzzing stocks among the BSE IT Index stocks during this same period were TATA ELXSI (up 94.6%), INFIBEAM AVENUES (up 91.8%) and PERSISTENT SYSTEMS (up 87.8%).

Last Day: Discover India's #1 defence stock now

What About the Benchmark Indices?

The BSE Sensex is at 38,210 (down 0.6%). The top gainers among the BSE Sensex stocks today are HCL TECHNOLOGIES (up 1.3%). The most traded stocks in the BSE Sensex are ICICI BANK and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 11,302 (down 0.8%). CIPLA (up 2.0%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 36,564 to 38,210, registering a gain of 1,646 points (up 3.35%).

L&T INFOTECH LTD Financial Update...

L&T INFOTECH LTD net profit stood at Rs 4 billion for the quarter ended March 2020, compared to a profit of Rs 4 billion a year ago. Net Sales rose 7.1% to Rs 30.1 billion during the period as against Rs 28.1 billion in January-March 2019.

For the year ended March 2019, L&T INFOTECH LTD reported 36.2% increase in net profit to Rs 15.2 billion compared to net profit of Rs 11.1 billion during FY18.

Revenue of the company grew 29.3% to Rs 94 billion during FY19.

The current Price to earnings ratio of L&T INFOTECH LTD, based on rolling 12 month earnings, stands at 28.7x.



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