BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Report
A positive outlook on Larsen & Toubro Infotech Ltd. is premised on:
- stronger NN large deal wins ($40 million in Q2 versus $20 million in Q1), broad-based wins, and strong large deal pipeline;
- growth leadership in banking and financial services vertical (approximately 90% of incremental revenue in Q3);
- acceleration of cloud migration (9% QoQ in infrastructure management services and 5.9% QoQ in digital);
- new logo addition reverting to pre-Covid-19 level and recovery in Hi-tech vertical ahead; and
- software as a service partnerships (Snowflake, ServiceNow).
The company’s valuation premium to peers reflects its growth/margin/return metrics outperformance versus peers.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR