Feb 08, 2011, 01.29 PM IST | 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.

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 July 23, 2014, at 10:45 hrs Larsen and Toubro was quoting at Rs 1663.15, up Rs 8.55, or 0.52 percent. The 52-week high of the share was Rs 1774.70 and the 52-week low was Rs 678.10.


The company's trailing 12-month (TTM) EPS was at Rs 61.44 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 27.07. The latest book value of the company is Rs 272.45 per share. At current value, the price-to-book value of the company is 6.10.

READ MORE ON  L&T, L&T Infotech
Set email alert for

ADS BY GOOGLE

video of the day

See 8000 Nifty by Dec, bullish energy, cap goods: Religare

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.