L&T Infotech – what after its lifetime high?
While the valuation appears to be optically expensive, the stock of L&T Infotech could continue to outperform should it deliver industry-leading growth.
October 20, 2021 / 09:54 AM IST
LTI continues to show strong revenue momentum.
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
Strongest quarter from revenue perspective
Margin improves despite supply-side pressures
Robust employee addition
Expect industry-leading growth in FY22 and beyond
Very strong visibility on demand, supply side being handled head on
Tactical profit booking, add for the long-term
The stock of L&T Infotech (LTI CMP: Rs 6,855, Market Cap: Rs 120,084 crore) reached its lifetime high on October 19 following a stellar Q2 show by the company. The financial performance was marked by a strong revenue traction, strength in margin despite higher outgo...