L&T TECHNOLOGY SERVICES Plunges 5%; BSE IT Index Down 4.6%
Wed, 3 Jun 10:22
Image source: Sefa Ozel/www.istockphoto.comL&T TECHNOLOGY SERVICES share price has plunged 5% and is presently trading at Rs 3,341.0.
Meanwhile, the BSE IT index is at 28,733.2 (down 4.6%).
Among the top losers in the BSE IT index today are TCS (down 7.2%) and LTIMINDTREE (down 7.1%).
INDIAMART INTERMESH (up 0.2%) is among the top gainers today.
Over the last one year, L&T TECHNOLOGY SERVICES has moved down from Rs 4,355.9 to Rs 3,341.0, registering a loss of Rs 1,014.9 (down 23.3%).
On the other hand, the BSE IT index has moved down from 36,681.9 to 28,733.2, registering a loss of 21.7% during the last 12 months.
The top losers among the BSE IT index stocks during this same period were ROUTE MOBILE (down 44.5%), KPIT TECHNOLOGIES (down 41.9%) and INTELLECT DESIGN (down 39.3%).
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What About the Benchmark Indices?
The BSE Sensex is at 73,743.4 (down 1.2%).
The top losers among the BSE Sensex today are TCS (down 7.2%) and Tech Mahindra (down 5.0%). The most traded stocks in the BSE Sensex are TCS and ITC.
In the meantime, NSE Nifty is at 23,265.3 (down 0.9%). TCS and Tech Mahindra are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved down from 81,373.8 to 73,743.4, registering a loss of 7,630.3 points (down 9.4%).
L&T TECHNOLOGY SERVICES Financial Update...
L&T TECHNOLOGY SERVICES net profit grew 14.5% YoY to Rs 3,200 million for the quarter ended March 2026, compared to a profit of Rs 2,795 million a year ago. Net sales rose 8.3% to Rs 28,579 million during the period as against Rs 26,378 million in January-March 2025.
For the year ended March 2026, L&T TECHNOLOGY SERVICES reported 3.4% increase in net profit to Rs 12,300 million compared to net profit of Rs 11,899 million during FY25. Revenue of the company grew 14.0% to Rs 109,959 million during FY26.
The current Price to earnings ratio of L&T TECHNOLOGY SERVICES, based on rolling 12 month earnings, stands at 27.9.
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