Buy Larsen and Toubro Infotech; target of Rs 5065: ICICI Direct
ICICI Direct is bullish on Larsen and Toubro Infotech has recommended buy rating on the stock with a target price of Rs 5065 in its research report dated July 17, 2021.
July 19, 2021 / 02:40 PM IST
ICICI Direct's research report on Larsen and Toubro Infotech
Larsen & Toubro Infotech (LTI) offers application development, IMS, digital solution services to BFSI, retail, health, media & hi-tech verticals. LTI has 71 Fortune-500 clients with presence in North America & Europe • LTI has grown at 14% CAGR over FY18-21 with robust margins (~19%).
We value LTI at Rs 5065 i.e. 35x P/E on FY23E EPS.
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