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.
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 August 28, 2015, Larsen and Toubro closed at Rs 1616.90, down Rs 3.85, or 0.24 percent. The 52-week high of the share was Rs 1892.95 and the 52-week low was Rs 1400.00.
The company's trailing 12-month (TTM) EPS was at Rs 52.27 per share as per the quarter ended June 2015. The stock's price-to-earnings (P/E) ratio was 30.93. The latest book value of the company is Rs 398.36 per share. At current value, the price-to-book value of the company is 4.06.
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