Robust revenue growth of 14.2% YoY driven by large deals has given a sharp boost to L&T Infotech’s stock price. After the Q3FY20 results were announced, the sixth-largest IT firm hit an all-time high of Rs.2,003. But investors are not upbeat about EBIT margin contraction from 19.1% in Q3FY19 to 16% this quarter. Thus, after the initial euphoria, the stock lost steam and now trades at Rs.1,930. Still, the 29% rally over the past six months makes L&T Infotech one of the most expensive midcap IT stocks. It
L&T Infotech CEO Sanjay Jalona sells stake worth Rs.57.4 million
As the stock hit an all-time high, L&T Infotech CEO Sanjay Jalona sells shares worth 57 million
You don’t want to be left behind. Do you?
Our work is exclusively for discerning readers. To read our edgy stories and access our archives, you’ve to subscribe