Larsen & Toubro Infotech Share Price

1. For the quarter ended on June 30, 2018, Larsen & Toubro Infotech Limited reported its consolidated income from operation to be at Rs.2,155.7 crore - a growth of 7% over the previous quarter. On a YoY basis, the company's revenue has improved by 29%.
2. As for the profitability of the company, L&T Infotech Limited reported its net profit after tax to be at Rs.361.2 crore - a growth of 24.8% QoQ and 22.9% YoY. Consequently, the company's basic earnings per share have moved up from Rs.15.66 to Rs.21.00, YoY.
3. A significant proportion of the company's revenues came from banking, financial services, and insurance sectors. The previous quarter also saw the company land major deals with various organisations from across the world.

Larsen & Toubro Infotech Limited Stock Trends in 2018

1. On January 2, 2018, the opening share price of L&T Infotech Limited was Rs.1,145 on the NSE. In fact, this particular scrip is one of few on the bourses that have had a bull run through most of 2018. By end of January, the shares had gained a little over 15% with the closing price on January 31, 2018, being Rs.1,272.75 on the NSE.
2. The scrip exhibited its bullish trend in the month of February as well. The shares gained a little over Rs.150 over the course of the month to descend above the Rs.1,450 level. On a couple of instances, the shares even ventured into the Rs.1,500 region but failed to find momentum at those levels.
3. Over the course of March, the shares lost marginally to descend back to their previous levels at Rs.1,400. Through most of April, the shares stayed close to that level without incurring any major losses. It wasn't until the final week of April that the L&T Infotech Limited share price spiked again and this time, the shares crossed the psychologically important mark of Rs.1,500 for good.
4. The shares continued to rise steadily over the months of May and June. By July, the L&T Infotech shares were seen trading at levels well above Rs.1,600. Needless to mention, the scrip benefited from a falling rupee and soon, it ascended into the Rs.1,800 region. In August, the company announced a final dividend of 1,350%.
5. Things didn't change much over the course of September either. In fact, in this month, the shares hit their 52-week high at Rs.1,987 on the NSE. In October, however, the shares lost a little over 5% driven by a massive sell-off in the Indian markets. As of October 18, 2018, the shares were seen trading hands at levels close to Rs.1,750.

Larsen & Toubro Infotech Limited Stock Trends in 2016 and 2017

1. The equity shares of L&T Infotech Limited made their debut on the Indian stock exchanges in the second half of 2016, in late July. The scrip commenced trading at levels close to Rs.670 on the NSE and BSE. Things didn't change considerably over the course of the year.
2. The shares lost marginally to descend below the Rs.650 region. In November, the company announced an interim dividend of 685% - this helped the shares make small gains. The closing price of the shares on December 30, 2016, was Rs.680.05.
3. 2017 proved to be a rather flat year for the Larsen & Toubro Infotech Limited shareholders. The scrip started the year at levels close to Rs.675 on the National Stock Exchange. Over the course of February and March, the shares appreciated by a little over 5% to ascend into the Rs.700 region. The closing price of the scrip on March 31, 2017, was Rs.714.85.
4. A highly similar trend was observed over the months of April and May as well. The shares gained another 5% to touch the Rs.790 mark. It wasn't until early June that the shares finally ascended into the Rs.800 region. However, this rise was followed by a gradual drop in the stock price of L&T Infotech, over the course of June, July, and August. Luckily, the shares only lost marginally and they stayed buoyant at levels above Rs.750.
5. In August, the company announced a final dividend of 970%. Post this announcement, the shares, once again, crossed the Rs.800 mark and this time, they managed to find momentum at those levels. By November, the shares were up into the Rs.900 region and around the same time, the company announced an interim dividend of 800%. By the end of the month, the shares had gained 15% and they were up into the Rs.1,000 region.
6. The closing price of the scrip on December 29, 2017, was Rs.1,118 on the NSE. Since the start of the year, the shares had gained a little over 65%.

Should You Invest in L&T Infotech Limited?

1. Larsen & Toubro Limited is the IT arm of the famed Larsen & Toubro. As an IT company, it is mainly engaged in the business of providing IT solutions, consultation, and services to various industries like insurance, banking, finance, manufacturing, media, healthcare, life sciences, and more. Just like any other IT giant, it offers various services such as SAP, cloud, automation, data analytics, artificial intelligence, and more.
2. For the year ended on March 31, 2018, the company reported its consolidated income from operations to be at Rs.7,306 crore - a growth of 12.4% YoY. A similar growth was also seen in the company's profitability for the year. After taxation, L&T Infotech reported its net profit to be at Rs.1,112.4 crore - a growth of 14.6% YoY.
3. The company displayed such a stellar performance in the June quarter of the FY 2019 as well. In the same quarter, the company has landed several key deals from many global organisations - this, in fact, is set to boost the profitability of the company in the coming future.
4. The company's financial performance has been reflected in its stock price as well. In 2018 alone, the L&T Infotech share price gained as much as 50%, making it one of the few stocks that have done remarkably well in the year. The company has benefitted from a strong operational performance and a falling rupee.
5. From a long-term perspective, Larsen & Toubro Infotech Limited shares make for a terrific buy. The company is fundamentally sound and is governed by a strong team of professionals and industry veterans. Financially speaking, it has done well over the years and has delivered a good growth. One may accumulate the shares of this company in dips. However, before investing, it is strongly recommended that you research thoroughly.

Company Information

Larsen & Toubro Infotech Limited is an IT service provider and a digital solutions company headquartered in Mumbai, India. The company offers its services to various sectors like banking and financial industry, life sciences and healthcare, insurance, energy and utility, manufacturing, media, et cetera. It offers various services and solutions like consulting, cloud, automation, Oracle, SAP, artificial intelligence, data science and analytics, and more.

History of the Company

The roots of the company can be traced back to 1997 when the company commenced its operations as a subsidiary of L&T. In 2004, Larsen & Toubro Infotech bagged its first major multi-year contract from an energy company, thus kick-starting its journey to become one of the leading players in the IT sector. In 2007, it acquired its first company - US-based GDA Tech Incorporation and subsequently moved on to establish its operations in the international markets. Over the years, it continued to acquire more companies to consolidate its position in the industry. In a bid to diversify its operations, the company branched out into other industries like manufacturing and services. L&T Infotech Limited went public in 2016 by which point, it was one of the top IT service providers in the world.

Management of the Company

Mr. A. M. Naik - Non-Executive Chairman

Mr. A. M. Naik presently serves as the Non-Executive Chairman of Larsen & Toubro Infotech Limited. He is also the Group Chairman of Larsen & Toubro Limited and has previously served as the organisation's Group Executive. He has also held the post of the group's Managing Director and Chief Executive Officer and has been associated with several of its subsidiaries. Mr. Naik joined the company in 1965 as a Junior Engineer and rose through the ranks to take more responsibilities and duties. He has played an important role in making L&T a global conglomerate. Under his leadership, the company has thrived handsomely across all the verticals - a feat that has, in turn, boosted shareholder value. He is also the Honorary Consul General for Denmark and has been conferred the Danish Knighthood by Her Majesty Queen Margrethe in 2008.

Mr. Sanjay Jalona - Chief Executive Officer, Managing Director

Mr. Sanjay Jalona presently serves as the Chief Executive Officer and Managing Director of Larsen & Toubro Infotech Limited. He is also an Executive Director of the company. He joined the organisation in August 2015 and since then, he has transformed L&T Infotech Limited into one of the leading companies in the IT sector in India. It is under his leadership that the company crossed USD 1 billion in revenue and built an impeccable portfolio of clients with consistent growth and profitability. He is also credited with several key acquisitions for the company. Mr. Jalona is a true veteran of the IT industry - prior to joining L&T Infotech, he was with Infosys Limited where he served as an Executive Vice-President and the Global Head of High-Tech, Manufacturing, and Engineering Services. He holds a Bachelor's degree in Engineering from BITS Pilani, India.

Mr. S. N. Subrahmanyan - Non-Executive Vice Chairman

Mr. S. N. Subrahmanyan is the Non-Executive Vice Chairman of Larsen & Toubro Infotech Limited. He has been a key member of the L&T Group and in addition to his present responsibilities, he serves as the Chief Executive Officer and Managing Director of Larsen & Toubro. He also heads L&T Construction. Mr. Subrahmanyam graduated with a Bachelor's degree in Civil Engineering and followed it with a post graduation in Business Management from the Symbiosis Institute of Business Management, Pune. He has also completed the Executive Management Programme from the London School of Business. Mr. Subrahmanyam joined L&T in 1984 in the capacity of project planning engineer. He has played an important role in the growth and development of L&T Construction. His efforts helped the company secure and manage EPC contracts for the construction of four major international airports in the country, along with several other infrastructure projects. For his contributions and efforts, he has been honoured with various accolades.

Larsen & Toubro Infotech Limited Listings in NSE, BSE, and Stock Market Indices

The equity shares of Larsen & Toubro Infotech Limited are available to the general public for trading. The stocks were listed in July 2016 on the country's two prominent stock markets - the National Stock Exchange of India Limited and the Bombay Stock Exchange. The respective call signs for the same are as follows:

1. NSE Code: LTIEQ
2. BSE Code: 540005
3. Sector: Information Technology
4. ISIN: INE214T01019

Coming to the stock market indices, the company does not comprise the Nifty 50 or the BSE SENSEX.

However, it does form other important indices such as:

1. Nifty 200
2. Nifty 500
3. Nifty LargeMidCap 250
4. Nifty Midcap 150
5. S&P BSE 200
6. S&P BSE 500
7. S&P BSE MidCap
8. S&P BSE Momentum
9. S&P BSE AllCap

Registered Office

L&T Technology Center

Gate No. 5,

Saki Vihar Road

Powai, Mumbai - 400-072

Maharashtra, India

Stocks vs. Mutual Funds: here's what we recommend

Stock market investments require a lot of research and knowledge. They do not generally offer any tax benefits and are regarded as high-risk investments. Hence,it is crucial to have a diversified portfolio. At Bankbazaar, we encourage our re aders to invest on mutual funds.It doesn't require a lot of knowledge and equity linked mutual fund schemes offer tax benefits. Additionally, since mutual funds comprise stocks from multiple companies, they help in building a diversified portfolio.

DISCLAIMER:

The contents of this post/blog does not constitute financial or other professional advice nor does it imply in any manner a principal-agent relationship, and is not a professional advice on a specific financial matter.