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This Article is From Jan 06, 2021

L&T Infotech: Top-Quartile Business, But Valuation Leaves Little Room, Says Motilal Oswal  

L&T Infotech: Top-Quartile Business, But Valuation Leaves Little Room, Says Motilal Oswal  
L&T Infotech campus. 
STOCKS IN THIS STORY
Larsen & Toubro Ltd.
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BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Larsen and Toubro Infotech Ltd. is up approximately 130% since its inclusion in our model portfolio (in Q3 FY20) and is currently the most expensive (28 times FY23 earning per share) IT company within our coverage universe.

It benefits from its position as a company with enough scale to compete with larger players but is still small enough to leverage the array of small deals to grow ahead of its peer group.

The company also has a well-diversified portfolio of service lines and has a good presence in all the major verticals, with banking and financial services contributing 30% to total revenues.

Click on the attachment to read the full report:

Motilal Oswal L&T Infotech Company Update.pdf
VIEW DOCUMENT

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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