L&T TECHNOLOGY SERVICES Gains 8%; BSE IT Index Up 0.8%
Thu, 16 Jan 9:22
Image source: Ivcandy/www.istockphoto.comL&T TECHNOLOGY SERVICES share price has zoomed 8% and is presently trading at Rs 4,960.1.
Meanwhile, the BSE IT index is at 43,404.6 (up 0.8%).
Among the top gainers in the BSE IT index today are ROUTE MOBILE (up 3.6%) and KPIT TECHNOLOGIES (up 2.8%).
Oracle Financial Services (down 4.8%) and INDIAMART INTERMESH (down 2.0%) are among the top losers today.
Over the last one year, L&T TECHNOLOGY SERVICES has moved down from Rs 5,444.1 to Rs 4,960.1, registering a loss of Rs 484.0 (down 8.9%).
On the other hand, the BSE IT index has moved up from 37,785.9 to 43,404.6, registering a gain of 14.9% during the last 12 months.
The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 98.1%), Firstsource Solutions (up 84.2%) and PERSISTENT SYSTEMS (up 60.8%).
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What About the Benchmark Indices?
The BSE Sensex is at 77,179.8 (up 0.6%).
The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 4.2%) and ZOMATO (up 2.2%). The most traded stocks in the BSE Sensex are ZOMATO and Tata Steel.
In the meantime, NSE Nifty is at 23,335.8 (up 0.5%). HDFC LIFE INSURANCE and Adani Enterprises are among the top gainers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 73,327.9 to 77,179.8, registering a gain of 3,851.8 points (up 5.3%).
L&T TECHNOLOGY SERVICES Financial Update...
L&T TECHNOLOGY SERVICES net profit fell 5.1% YoY to Rs 3,195 million for the quarter ended December 2024, compared to a profit of Rs 3,368 million a year ago. Net sales rose 9.5% to Rs 26,530 million during the period as against Rs 24,218 million in October-December 2023.
For the year ended March 2024, L&T TECHNOLOGY SERVICES reported 7.4% increase in net profit to Rs 13,063 million compared to net profit of Rs 12,164 million during FY23. Revenue of the company grew 9.4% to Rs 96,473 million during FY24.
The current Price to earnings ratio of L&T TECHNOLOGY SERVICES, based on rolling 12 month earnings, stands at 40.6.
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