Larsen & Toubro Infotech Ltd rose for a third straight session today. The stock is quoting at Rs 4701.6, up 1.34% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 15813.9. The Sensex is at 52743.73, up 0.17%. Larsen & Toubro Infotech Ltd has added around 17.05% in last one month.

Meanwhile, Nifty IT index of which Larsen & Toubro Infotech Ltd is a constituent, has added around 5.72% in last one month and is currently quoting at 30371.4, up 0.95% on the day. The volume in the stock stood at 4.05 lakh shares today, compared to the daily average of 4.68 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 4721.5, up 1.63% on the day. Larsen & Toubro Infotech Ltd is up 94.54% in last one year as compared to a 42.81% gain in NIFTY and a 69.66% gain in the Nifty IT index.

The PE of the stock is 41.32 based on TTM earnings ending June 21.

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Larsen & Toubro Infotech has been named winner of the PTC (NASDAQ: PTC) Partner Network Awards in the category of Transformation in Manufacturing Operations. LTI also emerged as a finalist in two additional categories of Most Impact in Digital Transformation at Scale and Trailblazer/Innovation Project.

These awards recognize the contribution of outstanding partners in helping PTC customers achieve their digital transformation objectives. LTI has served many enterprises by providing guidance from their experience and success with other digital transformations in the marketplace. LTI's expertise with architecture, product selection, solution design, and deployment helped lay the foundational elements needed to deliver transformation at scale.

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Larsen & Toubro Infotech announced the appointment of James Abraham (DIN: 02559000) as an Additional Director in the capacity of an Independent Director of the Company for a term of five years with effect from 18 July 2021 till 17 July 2026, subject to approval of the shareholders.

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Larsen & Toubro Infotech announced that the Board of Directors of the Company at its meeting held on 15 July 2021, has recommended a Special dividend of Rs.10 per share (i.e.1000%), subject to the approval of the shareholders.

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