Moneycontrol PRO
you are here: HomeNewsBusiness

Buy L&T Infotech; target of Rs 6850: Sharekhan

Sharekhan is bullish on L&T Infotech has recommended buy rating on the stock with a target price of Rs 6850 in its research report dated October 18, 2021.

October 19, 2021 / 11:20 AM IST
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on L&T Infotech

Q2 numbers beat our estimates on all fronts; deal TCVs and deal pipeline were robust, client metrics healthy across categories, while offshoring and net headcount addition stayed high. OCF/net profit stayed healthy at 91%. Strong demand is led by rising spend of transformation initiatives, spend on newer technologies and increasing opportunities on automation. The management expects strong demand to sustain at least for next three years. Strong hiring, investments in sales and capabilities, right market strategies and excellent execution positions LTI for sustainable growth over FY2022-FY2024E. We expect revenue/EPS to clock 15%/16% CAGR over FY2022-24.


We maintain a Buy on LTI with a revised PT of Rs. 6,850 given its strength in addressing digital transformation spends, robust deal wins and robust demand.

For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Oct 19, 2021 11:20 am

stay updated

Get Daily News on your Browser
ISO 27001 - BSI Assurance Mark