Larsen & Toubro Infotech Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 71382.95 Crore) operating in IT Software sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 3221.70 Crore, up 6.15 % from last quarter Total Income of Rs 3035.10 Crore and up 12.05 % from last year same quarter Total Income of Rs 2875.30 Crore. Company reported net profit after tax of Rs 519.30 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to continue its current positive momentum and head towards Rs 4435 levels as it the 138.2% extension of the previous week up move (Rs 3570 to 4015) as projected from recent low Rs 3820 signal up side towards Rs 4435 levels.
Promoter/FII Holdings
Promoters held 74.4 per cent stake in the company as of Sept 30, 2020, while FIIs held 11.2 per cent, DIIs 6.4 per cent and public and others 8 per cent.
