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LTI soars on expanding strategic partnership with OKQ8 Scandinavia

07 Feb 2020 Evaluate

Larsen & Toubro Infotech is currently trading at Rs. 1944.00, up by 32.10 points or 1.68% from its previous closing of Rs. 1911.90 on the BSE.

The scrip opened at Rs. 1919.00 and has touched a high and low of Rs. 1959.95 and Rs. 1919.00 respectively. So far 988 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2002.80 on 15-Jan-2020 and a 52 week low of Rs. 1436.65 on 22-Jul-2019.

Last one week high and low of the scrip stood at Rs. 1985.00 and Rs. 1901.10 respectively. The current market cap of the company is Rs. 34015.15 crore.

The promoters holding in the company stood at 74.58%, while Institutions and Non-Institutions held 16.27% and 9.15% respectively.

Larsen & Toubro Infotech (LTI) has expanded its engagement with OKQ8 AB Scandinavia. Over the next five years, this engagement will transform applications and infrastructure landscape with services that include Infrastructure-as-a-Service (IaaS), Security Services, Application Operations, Maintenance and Development, resulting in improved stability, availability, and predictability of IT operations.

Headquartered in Stockholm, OKQ8 is one of Scandinavia’s largest fuel companies with a turnover of over SEK 39 Bn and nearly 1,000 stations across Sweden and Denmark. LTI has been a partner of OKQ8 since 2017, and this expanded partnership is an outcome of impact delivered over these years. As a strategic partner, LTI will leverage its rich analytics, automation, and AI capabilities to deliver these services to OKQ8.

LTI is a global technology consulting and digital solutions company helping more than 300 clients succeed in a converging world.

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