Monday, December 21, 2020

Larsen & Toubro Infotech surges on eyeing significant share of UAE digital services market

Larsen & Toubro Infotech is currently trading at Rs. 3415.15, up by 63.75 points or 1.90% from its previous closing of Rs. 3351.40 on the BSE.

The scrip opened at Rs. 3384.00 and has touched a high and low of Rs. 3445.00 and Rs. 3363.40 respectively. So far 6304 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3515.15 on 12-Oct-2020 and a 52 week low of Rs. 1207.60 on 19-Mar-2020.


Last one week high and low of the scrip stood at Rs. 3445.00 and Rs. 3215.50 respectively. The current market cap of the company is Rs. 59808.44 crore.

The promoters holding in the company stood at 74.36%, while Institutions and Non-Institutions held 17.62% and 8.02% respectively.

Larsen & Toubro Infotech (LTI), which extended an alliance with Abu Dhabi-based Injazat recently, is eyeing a significant share of the UAE digital services market to the tune of $ 200 million in six years of the partnership. In the first week of December, LTI extended its existing partnership with the UAE company under which it roll out a service delivery model.

LTI is a global technology consulting and digital solutions company helping more than 420 clients succeed in a converging world.

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