Moneycontrol
Nov 17, 2017 02:17 PM IST | Source: CNBC-TV18

Midcap IT not stacked up against 4-5 largecap peers; L&T Info now a billion dollar revenue firm: Nivalis Partners

Nivalis Partners’ Ayaz Motivala said that L&T Info will get incremental market share going ahead.

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Betting on L&T Infotech, Nivalis Partners’ Ayaz Motivala said that the midcap IT is not stacked up against 4-5 largecap peers.

“It is all about valuations. IT sector has always been a valuation game. L&T Info is now a billion dollar revenue run rate company and that has happened in an organic way,” Motivala told CNBC-TV18 in an interview.

Further, he added that the company is more nimble and smarter and the company is going to get incremental market share. He expects the firm to grow at 12-25 percent going forward.

Speaking on pharmaceuticals, he said that the sector is much more broad-based against the past of IT services firms. In the sector, he prefers domestic opportunities in the near-term.
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