L&T Infotech gained 1.07% to Rs 6763.85 after the IT company reported a 11% increase in consolidated net profit to Rs 612 crore on a 9.8% rise in revenue to Rs 4137.6 crore in Q3 FY22 over Q2 FY22.
Additionally, Wipro also bagged certification in France with second position, Switzerland (3rd position), the Netherlands (4th), Germany (5th), and the UK (5 th), with scores of over 95% in each region.
The long-term rating has been upgraded to BBB/positive from BBB-/stable and short-term rating to A3+ from A3.
The key equity benchmarks declined further in morning trade. The Nifty was trading below the 17,850 mark. IT shares declined for the fifth consecutive session. At 10:26 IST, the barometer index, the S&P BSE Sensex, was down 398.37 points or 0.66% to 59,700.45. The Nifty 50 index lost 100.65 points or 0.56% to 17,837.75. In the broader market, the S&P BSE Mid-Cap index rose 0.09% […]
Rallis India skid 5.70% to Rs 277.85 after the companys consolidated net profit fell 13.3% to Rs 39.56 crore on a 10.1% increase in net sales to Rs 628.08 crore in Q3 FY22 over Q3 FY21.
IT stocks dragged the benchmarks the most with substantial pulls from capital goods, consumer durables, oil & gas, select financial stocks and index heavyweight Reliance Industries.
The flagship sale event will celebrate the rich cultural heritage of India, with participation from lakhs of artisans, weavers and handicraft makers.

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