Buy Larsen & Toubro Infotech, target price Rs 5270: HDFC Securities

HDFC Securities has buy call on Larsen & Toubro Infotech with a target price of Rs 5270. The current market price of Larsen & Toubro Infotech is Rs 4587.75. 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 80439.12 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.