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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 August 22, 2014, Larsen and Toubro closed at Rs 1536.55, up Rs 4.60, or 0.30 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 62.86 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 24.44. The latest book value of the company is Rs 362.65 per share. At current value, the price-to-book value of the company is 4.24.

READ MORE ON  L&T, L&T Infotech
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