Share price of L&T Infotech rises as Nifty strengthens

The return on equity (ROE) for the stock stood at 26.05 per cent. Traded volume on the counter stood at 01:43PM shares and turnover at Rs 3.3 crore around that time. The stock of Larsen & Toubro Infotech Ltd. quoted a 52-week high price of Rs 7595.25 and 52-week low prices of Rs 3525.95, respectively.

The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 0.59.

Promotor/FII Holding

Promoters held 74.05 per cent stake in the company as of 31-Mar-2022, while FIIs held 10.08 per cent and domestic institutional investors had 5.65 per cent.

Key Financials

The company reported consolidated sales of Rs 4435.6 crore for the quarter ended 31-Mar-2022, up 4.67 per cent from previous quarter’s Rs 4237.5 crore and up 31.53 per cent from the year-ago quarter’s Rs 3372.4 crore. Net profit after tax for the latest quarter stood at Rs 637.0 crore, up 16.84 per cent from the same quarter a year ago.

Technicals
The MACD signalled a bearish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.

It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.