L&T Infotech Share Price: L&T Infotech shares drop 4.53% as Sensex rises

Shares of Larsen & Toubro Infotech Ltd. traded 4.53 per cent decrease in Tuesday’s session at 01:43PM (IST). The inventory opened at Rs 5979.75 and has touched an intraday excessive and low of Rs 5979.75 and Rs 5493.0, respectively, through the session up to now.

The inventory quoted a 52-week excessive of Rs 7595.25 and a 52-week low of 3525.95. About 25,124 shares modified fingers on the counter up to now.

Benchmark Nifty50 was up 74.8 factors at 17248.45, whereas the BSE Sensex traded 198.52 factors increased at 57365.26 on the time of writing of this report.

Within the Nifty pack, 31 shares traded the day within the inexperienced, whereas 18 have been within the purple.

Key Financials

For the quarter ended 31-Dec-2021, the corporate reported consolidated gross sales of Rs 4237.5 crore, up 9.26 per cent from the earlier quarter’s Rs 3878.2 crore and up 31.53 per cent from the year-ago quarter. The corporate reported internet revenue of Rs 612.0 crore for the newest quarter.

Promoter Holdings

Promoters held 74.05 per cent stake within the firm as of 31-Mar-2022, whereas FIIs held 10.08 per cent and MFs 5.65 per cent.

Technicals

On the technical charts, the 200-Day Transferring Common (DMA) of the inventory stood at Rs 5968.59 on April 19, whereas the 50-DMA was at Rs 6082.34. If a inventory trades above 50-DMA and 200-DMA, it normally means the speedy pattern is upward. Alternatively, if the inventory trades properly beneath 50-DMA and 200-DMA each, it’s thought-about as bearish pattern and if trades between these averages, then it suggests the inventory can go both method.