L&T Infotech, India’s sixth-largest IT company, has reported impressive profits for the December quarter. The company’s consolidated net profit increased by 17% year-on-year, reaching ₹11.69 billion, while its operational revenue grew by approximately 5% to ₹90.16 billion. Despite these positive financials, investors seem concerned, as the company’s shares have experienced a drop of more than 10%.
Shares of L&T Infotech opened at ₹5,700 in the morning but dipped to ₹5,411.75 during the day. Investors engaged in substantial profit-taking, causing the stock to fluctuate. Around midday, it was trading at ₹5,621.85, having experienced a decline of more than 10%. The stock’s 52-week high stands at ₹5,790, with a low of ₹5,411.75. Over the past year, the share has delivered returns exceeding 31%.
As for the analyst consensus on L&T Infotech, opinions vary. Out of 32 analysts, 14 recommend buying the stock, with 8 rating it as a “Buy” and 6 as a “Strong Buy.”
Before making any investment decisions, it’s crucial to assess various factors. In L&T Infotech’s case, examining its financial position, ownership structure, peer comparison, valuation, and momentum is essential. The financial scorecard shows 7 positive and 1 negative point. Ownership is evenly balanced at 2-2. In comparison to its competitors, L&T Infotech scores 2 positive and 1 negative point. Evaluating value and momentum, there are 2 positive and 6 negative points. Overall, the stock passes the checklist with a score of 56.52%.
(Disclaimer: Recommendations, suggestions, opinions, and views provided by experts are their own and not endorsed by Live Hindustan. The information here is solely for sharing the stock’s performance and not investment advice. Investing in the stock market involves risks, and it’s advisable to consult your advisor before making any investment decisions.)
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L&T Infotech, also known as Larsen & Toubro Infotech, has emerged as the sixth-largest IT company in India, showcasing robust financial performance for the quarter ending in December. The company’s consolidated net profit demonstrated a significant year-on-year increase of 17%, reaching ₹11.69 billion. Concurrently, operational revenue witnessed a commendable growth of nearly 5%, achieving ₹90.16 billion. Despite these positive financial indicators, the company’s stock has faced a substantial decline, with shares plummeting more than 10%.
The day began with L&T Infotech’s shares opening at ₹5,700 but subsequently sliding to ₹5,411.75. Investors actively engaged in profit-taking activities, contributing to the volatility in the stock’s performance. By midday, the stock was trading at ₹5,621.85, experiencing a decline of over 10%. Notably, the stock’s 52-week high and low stand at ₹5,790 and ₹5,411.75, respectively. Over the past year, L&T Infotech has delivered returns exceeding 31%.
The market sentiment towards L&T Infotech appears mixed, as indicated by analyst recommendations. Out of 32 analysts, 14 advocate buying the stock, with 8 assigning it a “Buy” rating and 6 endorsing a “Strong Buy.” Conversely, 8 analysts recommend holding the stock, while 9 advise selling.
Before contemplating an investment in L&T Infotech, it is imperative to conduct a thorough assessment of various factors. Key considerations include the company’s financial position, ownership structure, peer comparison, valuation metrics, and momentum indicators. The financial evaluation reveals 7 positive and 1 negative point, indicating a generally sound financial standing. Ownership distribution is balanced at 2-2. In a peer comparison, L&T Infotech scores 2 positive and 1 negative point. Assessing valuation and momentum, there are 2 positive and 6 negative points. Overall, the stock passes the checklist with a cumulative score of 56.52%.
It is crucial for potential investors to exercise caution and conduct due diligence before making any investment decisions. The stock market inherently involves risks, and seeking advice from a financial advisor is advisable.
(Disclaimer: Recommendations, suggestions, opinions, and views provided by experts are their own and not endorsed by Live Hindustan. The information here is solely for sharing the stock’s performance and not investment advice. Investing in the stock market involves risks, and it’s advisable to consult your advisor before making any investment decisions.)