Hold Larsen & Toubro Infotech, target price Rs 6000: ICICI Direct

ICICI Direct has hold call on Larsen & Toubro Infotech with a target price of Rs 6000. The current market price of Larsen & Toubro Infotech is Rs 5169.25. 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 90619.93 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 31-03-2022, the company reported a Consolidated Total Income of Rs 4435.60 Crore, up 4.67 % from last quarter Total Income of Rs 4237.50 Crore and up 31.53 % from last year same quarter Total Income of Rs 3372.40 Crore. Company reported net profit after tax of Rs 637.50 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.05 per cent stake in the company as of 31-Mar-2022, while FIIs owned 10.08 per cent, DIIs 7.48 per cent.