Buy Larsen & Toubro Infotech, target price Rs 4645: ICICI Securities

Buy Larsen & Toubro Infotech, target price Rs 4645: ICICI Securities
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

Larsen & Toubro Infotech Ltd. key Products/Revenue Segments include Software Development Charges & Other Services for the year ending 31-Mar-2022.

Getty Images
Promoters held 74.03 per cent stake in the company as of 30-Jun-2022, while FIIs owned 8.42 per cent, DIIs 8.1 per cent.
has buy call on Larsen & Toubro Infotech with a target price of Rs 4645. The current market price of Larsen & Toubro Infotech is Rs 4479.05.

Larsen & Toubro Infotech Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 79012.01 Crore) operating in IT Software sector.

Larsen & Toubro Infotech Ltd. key Products/Revenue Segments include Software Development Charges & Other Services for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 4666.90 Crore, up 5.21 % from last quarter Total Income of Rs 4435.60 Crore and up 30.21 % from last year same quarter Total Income of Rs 3584.10 Crore. Company reported net profit after tax of Rs 634.40 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 74.03 per cent stake in the company as of 30-Jun-2022, while FIIs owned 8.42 per cent, DIIs 8.1 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by
Read before you invest. Insights on ICICI Securities Ltd.. Explore Now