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HomeMarketStocksShare price of L&T Infotech falls as Nifty weakens

Share price of L&T Infotech falls as Nifty weakens

Shares of LTIMindtree Ltd slipped 2.98 per cent to Rs 4826.5 in Tuesday’s commerce as of 02:11PM (IST).

The inventory hit a excessive value of Rs 4951.0 and low of Rs 4814.25 throughout the session.

The return on fairness (ROE) for the inventory stood at 26.05 per cent. Traded quantity on the counter stood at 02:11PM shares and turnover at Rs 6.57 crore round that point.

The inventory of LTIMindtree Ltd quoted a 52-week excessive and 52-week low costs of Rs 7595.25 and Rs 3733.25, respectively.

The Beta worth of the counter, which measures its volatility in relation to the broader market, stood at 0.59.

Promotor/FII Holding

Promoters held 74.0 per cent stake within the firm as of 30-Sep-2022, whereas FIIs held 8.42 per cent and home institutional buyers had 8.05 per cent.

Key Financials

The corporate reported consolidated gross sales of Rs 4976.0 crore for the quarter ended 30-Sep-2022, up 6.62 per cent from earlier quarter’s Rs 4666.9 crore and up 28.31 per cent from the year-ago quarter’s Rs 3878.2 crore.

Internet revenue after tax for the newest quarter stood at Rs 679.3 crore, up 23.17 per cent from the identical quarter a 12 months in the past.

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