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 73139.25 Crore) operating in IT Software sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3372.40 Crore, up 4.68 % from last quarter Total Income of Rs 3221.70 Crore and up 9.42 % from last year same quarter Total Income of Rs 3082.10 Crore. Company reported net profit after tax of Rs 545.70 Crore in latest quarter.
Investment Rationale
Cuelogic will be integrated with LTI’s Digital practice, which is a focus area for LTI. The acquisition will augment its domain capabilities. Given the size of the acquisition (
Promoter/FII Holdings
Promoters held 74.3 per cent stake in the company as of Dec 30, 2020, while FIIs held 13.3 per cent, DIIs 4.6 per cent and public and others 7.8 per cent.
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