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Friday, 5 May 2017

Larsen & Toubro Infotech (LTI) surged by 5% to Rs 746 on the BSE in intra-day trade driven by the company’s exemplary results for the quarter ended March, 2017 (Q4FY17). The company’s results fared better than the expectations of the market experts.

The company’s consolidated net profit grew by 11.8% on a yearly basis at Rs 255 crore in Q4FY17 and the revenue from operations increased by 7.7% to Rs 1,677 crore on in FY17, as compared to the previous year. 

At 12:30 hrs IST, the stock of L&T Infotech rose by 3.30% at Rs 733 on BSE as compared to 0.43% decline in the S&P BSE Sensex. The stock is trading at its highest level since its listing in July, 2016.  
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