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Little headroom for L&T Infotech: Analysts

Though analysts have given a thumbs up to Larsen & Toubro Infotech’s impressive Q3 results, they see only a little upside for its shares from the current level .

The mid-tier IT services firm posted double-digit growth in revenues, thanks to ramping up large deals. However, net profit rose marginally to ₹376.7 crore, as against ₹375.5 crore, reported during the same quarter last year. Revenues surged 13.7 per cent year-on-year to ₹2,811 crore. In dollar terms, revenue stood at $394.4 million, which was 14.2 per cent higher y-o-y, and 8.3 per cent sequentially ...

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