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L&T Infotech zooms 16.5 per cent on earnings report. Know why?

A major bull rally is being witnessed by the stock on earnings release, with improved attrition rate, double-digit YoY growth in sales and net income have made investors buy the stock.

Subramanian K / Article rating: 4.8

Net sales in Q2 FY22 increased by 8.8 per cent QoQ and 25.6 per cent YoY to Rs.3,767 crore against Rs 2,998 crore in the previous year same quarter. EBIT increased by 14.1 per cent QoQ and 8.8 per cent YoY to Rs 648 crore against Rs 595 crore in the previous year same quarter.

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