Stock Mantra | This digital solutions firm spikes over 50% in 4 months, can see 25%-30% upside

stock mantra this digital solutions firm spikes over 50 in 4 months can see 25 30 upside

Sumary of Stock Mantra | This digital solutions firm spikes over 50% in 4 months, can see 25%-30% upside:

  • Global technology consulting and digital solutions company Larsen &
  • Reasons Behind RallyIT is one of the best-performing sectors, especially after the emergence of the COVID-19 pandemic as companies and governments increased focus on digitalisation.
  • As a result, managements of IT companies are confident about growth in coming years amid healthy order books, experts feel.
  • The outlook of the IT sector is looking very strong as COVID-19 is acting as a key catalyst for the exponential growth of the Indian IT industry where managements are very confident about the coming years,” said Santosh Meena, Head of Research at Swastika Investmart.
  • Experts say valuations are expensive but justified, given its growth potential, and strong return ratios and business model.
  • “L&T Infotech is trading at a price-to-earnings of 47 which looks expensive but growth momentum is justifying expensive valuations where L&T infotech has leading revenue growth.
  • Management is confident about future growth where they are eyeing a 14-15 percent profit margin.
  • The company’s hiring policies are also showing confidence about future growth,” said Santosh Meena.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close