L&T Infotech – Why this is the right pick for growth-hungry investors
With its presence across the value chain, L&T Infotech is in a vantage position to ride the strong demand environment
July 23, 2021 / 09:11 AM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
The stock of L&T Infotech (LTI CMP: Rs 4406, Market Cap: Rs 77,146 crore) has been an out-performer and we had recommended the stock while it was consolidating in May. Since then, it has outperformed both the Nifty and the IT index. The growth momentum continued in Q1FY22 as well and was fairly broad-based. In the management’s own admission, the company is in the midst of an unprecedented surge in demand and this strong demand environment is likely to...