L&T Infotech denies reports of parent co exit

Strongly denying reports of construction major L&Tís exit from L&T Infotech, the later has said that the parent company continues to be a strong support for its growth.
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Feb 08, 2011, 01.29 PM | Source: Moneycontrol.com

L&T Infotech denies reports of parent co exit

Strongly denying reports of construction major L&Tís exit from L&T Infotech, the later has said that the parent company continues to be a strong support for its growth.

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L&T Infotech denies reports of parent co exit

Strongly denying reports of construction major L&Tís exit from L&T Infotech, the later has said that the parent company continues to be a strong support for its growth.

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L&T Infotech denies reports of parent co exit
Strongly denying reports of construction major L&T 's exit from L&T Infotech, the later has said that the parent company continues to be a strong support for its growth. "The reports are baseless and untrue."

Expecting USD 40 million revenue from its recent Canadian acquisition, the company is on track to touch revenues of USD 1 billion in the next three years. L&T Infotech has currently reached a sale base of USD 500 million with a client base of 170 clients.

It is also investing in expansion plans across geographies.

Larsen stock price

On May 24, 2016, Larsen and Toubro closed at Rs 1241.40, up Rs 0.55, or 0.04 percent. The 52-week high of the share was Rs 1886.25 and the 52-week low was Rs 1016.60.


The company's trailing 12-month (TTM) EPS was at Rs 51.87 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 23.93. The latest book value of the company is Rs 397.81 per share. At current value, the price-to-book value of the company is 3.12.

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L&T Infotech denies reports of parent co exit

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