Larsen & Toubro Infotech rose 2.07% to Rs 694 at 12:50 IST on BSE after consolidated net profit rose 3.3% to Rs 235.80 crore on 0.2% drop in revenue to Rs 1550 crore in Q1 June 2016 over Q4 March 2016.
The result was announced after market hours yesterday, 28 July 2016.Meanwhile, the BSE Sensex was down 100.28 points, or 0.36% to 28.108.34.
On BSE, so far 87,911 shares were traded in the counter. The stock hit a high of Rs 699.90 and a low of Rs 685 so far during the day. The stock had hit a record high of Rs 710 on the day of its debut on the bourses on 21 July 2016. The stock hit a record low of Rs 666 on the same day on 21 July 2016.
The large-cap company has an equity capital of Rs 16.98 crore. Face value per share is Re 1.
Sanjay Jalona, Chief Executive Officer & Managing Director of Larsen & Toubro Infotech (L&T Infotech) said that with over 4% sequential growth in services revenue and close to 22% of company's projects in Digital technologies, the company has seen growth across verticals.
Shares of L&T Infotech had made debut on the bourses on 21 July 2016.
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L&T Infotech offers an extensive range of IT services to clients in diverse industries such as banking and financial services, insurance, energy and process, consumer packaged goods, retail and pharmaceuticals, media and entertainment, hi-tech and consumer electronics and automotive and aerospace.
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