Neutral on Larsen & Toubro Infotech, target price Rs 3910: Motilal Oswal

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Neutral on Larsen & Toubro Infotech, target price Rs 3910:  Motilal Oswal


Motilal Oswal has neutral call on Larsen & Toubro Infotech Ltd. with a target price of Rs 3910.0. The current market price of Larsen & Toubro Infotech Ltd. is Rs 4095.5.

Larsen & Toubro Infotech Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 72075.03 Crore) operating in IT Software sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2998.40 Crore, up 1.67 % from last quarter Sales of Rs 2949.20 Crore and up 16.64 % from last year same quarter Sales of Rs 2570.70 Crore. Company reported net profit after tax of Rs 456.80 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 74.4 per cent stake in the company as of Sept 30, 2020, while FIIs held 11.2 per cent, DIIs 6.4 per cent and public and others 8 per cent.





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