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Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo

Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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Buy Larsen and Toubro Infotech: target of Rs 4625: Sharekhan

Sharekhan is bullish on Larsen and Toubro Infotech has recommended buy rating on the stock with a target price of Rs 4625 in its research report dated January 05, 2021.

January 14, 2021 / 08:54 PM IST
 
 
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Sharekhan's research report on Larsen and Toubro Infotech


We expect LTI to deliver USD revenue growth of 5.5% q-o-q in Q3FY2021, beating the industry, with stable EBIT margin q-o-q. Similarly, over FY2020-FY2023E, the company is likely to record industry-leading USD revenue/EPS CAGR of 17%/20%, led by ramp-up of large deals, strong growth in digital business, steady deal wins and strong execution. Management eyes net margins of 14-15% in coming years despite investments and possible acquisitions, led by higher offshoring, enhanced productivity, better cost management and hedging strategy.


Outlook


We stick to our Buy rating on L&T Infotech (LTI) with a PT of Rs. 4,650, anticipating that it would clock industry-leading growth.


For all recommendations report, click here


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

Broker Research
first published: Jan 6, 2021 03:14 pm

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