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 November 25, 2014, Larsen and Toubro closed at Rs 1636.50, down Rs 32.25, or 1.93 percent. The 52-week high of the share was Rs 1774.70 and the 52-week low was Rs 951.60.
The company's trailing 12-month (TTM) EPS was at Rs 63.52 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 25.76. The latest book value of the company is Rs 362.41 per share. At current value, the price-to-book value of the company is 4.52.
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Mkt at its peak, see good correction before Jan 31: Quantum