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Larsen & Toubro Infotech Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 105918.68 Crore) operating in IT Software sector.

As of 31-Dec-2021, promoters held 30.3 per cent stake in the company, while FIIs held 24.42 per cent and domestic institutional investors had 19.75 per cent.

LIC’s IPO will be the biggest to be impacted by the war, which has wiped out 6% of BP Plc’s market value and over $3 trillion of global market capitalization since tensions started rising from Feb. 18.

Brent crude futures for May rose to as much as $114.23 a barrel on Friday and were at $113.72, up $3.26, or 3 per cent.

“Companies like us have a long-term arrangement and so we in any case, keep on getting every month our requirement of coal and in our case we have tied up with Indonesian coal companies. We of course get coal at the price defined by the local government over there. But we do not have to do a knee jerk reaction of getting spot purchases and things like that.”

The stock quoted a 52-week high price of Rs 1147.9 and a 52-week low of Rs 793.5.

On the technical charts, the RSI of the stock stood at 50.11.

In the initial stake sale, the company proposes to sell 30,60,000 equity shares under the book building process of Rs 10 each aggregating Rs 11.62 crore.

A total of 112,497 shares changed hands on the counter till 01:44PM (IST).

UPL Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 54533.74 Crore) operating in Pesticides/Agro Chemicals sector.