The counter has had a total traded volume of 30814 shares so far with a value of Rs 12.13 crore on the NSE. It traded at a price-to-earnings multiple of 30.11 and a price-to-book ratio of 12.22.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip declined 2.59 per cent during the past one year, while the 30-share index advanced 2.58 per cent during the same period.
Larsen & Toubro Infotech Ltd. belongs to the IT Consulting & Software – Mid Cap industry.
Promoters held 74.05 per cent stake in the company as of 31-Mar-2022, while overseas investors and domestic institutional investors ownership stood at 10.08 per cent and 5.65 per cent, respectively.
The company reported consolidated sales of Rs 4435.6 crore for the quarter ended 31-Mar-2022, up 4.67 per cent from the previous quarter’s Rs 4237.5 crore and up 31.53 per cent from the year-ago quarter’s Rs 3372.4 crore.
Profit for the latest quarter stood at Rs 637.0 crore, up 16.84 per cent from the same quarter a year ago.