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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
L&T Infotech – what after its lifetime high?

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

Madhuchanda Dey Moneycontrol Research 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...

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