ICICI Direct has given Buy recommendation for Larsen and Toubro Infotech recommended buy rating on the stock with a target price of Rs 8050 in its research rep with a target price of Rs. 8050 in its research report issued on Jan 20, 2022

ICICI Direct’s research report on Larsen and Toubro Infotech

Larsen & Toubro Infotech (LTI) offers application development, IMS, digital solution services to BFSI, retail, health, media & hi-tech verticals. LTI has 71 Fortune-500 clients with a presence in North America & Europe • LTI has grown at 14% CAGR over FY18-21 with robust margins (~19%).

Outlook

Maintain BUY rating on the stock We value LTI at Rs 8050 i.e. 42x FY23E EPS.

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