Larsen & Toubro InfoTech has allotted 198,780 equity shares of face value of Re. 1/- each under the Employee Stock Option Scheme 2015 of the Company, on 15 July 2020.

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Net profit of Larsen & Toubro Infotech rose 17.09% to Rs 416.60 crore in the quarter ended June 2020 as against Rs 355.80 crore during the previous quarter ended June 2019. Sales rose 18.68% to Rs 2949.20 crore in the quarter ended June 2020 as against Rs 2484.90 crore during the previous quarter ended June 2019.

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Larsen & Toubro Infotech Ltd gained for a fifth straight session today. The stock is quoting at Rs 2067.75, up 2.92% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 10813.45. The Sensex is at 36658.86, down 0.04%. Larsen & Toubro Infotech Ltd has risen around 9.67% in last one month.

Meanwhile, Nifty IT index of which Larsen & Toubro Infotech Ltd is a constituent, has risen around 5.98% in last one month and is currently quoting at 15784.95, down 1.05% on the day. The volume in the stock stood at 1.43 lakh shares today, compared to the daily average of 1.14 lakh shares in last one month.

The PE of the stock is 24.09 based on TTM earnings ending March 20.

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Larsen & Toubro Infotech has launched LTI Canvas, a modern software engineering platform that addresses critical need of enabling work from anywhere. LTI Canvas is an integrated platform that brings together various processes, tools and methodologies to drive technology and business outcomes in an environment where teams are operating in a distributed environment.

A resilient digital platform, LTI Canvas can help organizations improve their effectiveness and ability to innovate in a remote or hybrid environment. LTI Canvas is a bundle of Microsoft technologies and LTI solutions to help IT professionals across industries collaborate easily and stay productive. It is based on microservices architecture and leverages Microsoft platforms like Azure and Microsoft 365 including Teams, among others along with LTI's Ways of Working solution stack. LTI Canvas streamlines processes like software development, support, transition, knowledge management, infrastructure management, and information security. It consolidates capabilities across Cloud, Agile, DevOps and Design Thinking leveraging AI/ML and analytics.

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