Add Larsen & Toubro Infotech, target price Rs 7700: HDFC Securities

HDFC Securities has add call on Larsen & Toubro Infotech with a target price of Rs 7700. The current market price of Larsen & Toubro Infotech is Rs 7163.55. Time period given by analyst is one year when Larsen & Toubro Infotech Ltd. price can reach defined target.

Larsen & Toubro Infotech Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 125774.82 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-2021.



Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 3878.20 Crore, up 8.21 % from last quarter Total Income of Rs 3584.10 Crore and up 27.78 % from last year same quarter Total Income of Rs 3035.10 Crore. Company reported net profit after tax of Rs 551.70 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.09 per cent stake in the company as of 30-Sep-2021, while FIIs owned 13.25 per cent, DIIs 4.73 per cent.