Larsen & Turbo-Share Price, Forecast, & Analyst Ratings

Larsen & Toubro Infotech Limited (NSE:LTI) is not considered to be the biggest tech corporation in the world, however, its recent significant price fluctuation on the NSEI during the last few weeks gained a lot of attention. LTI share price rose to a high of INR 6,326 and fell to a low of INR 3,824 over the past couple of months.

Investors may have a great opportunity to purchase LTI stock at a lower price due to recent share price changes. Analysts are Bullish with a ‘Strong Buy’ rating. Based on the consensus of 5 analyst forecasts, the average LTI share price target is INR 4528.80 per share over the next 12 months.

At the most recent close, LTI share price was INR 4522.00. The share price of LTI has fluctuated -136.95% during the last week, -169.00% during the last month, and -17.20% throughout the last year.

This article will highlight the outlook of Larsen & Turbo stock based on the latest financial data and the factors that will push the share price of LTI.

About Larsen & Turbo Infotech Limited:

Larsen & Toubro Infotech Limited offers information technology services and solutions worldwide. The company specializes in technology consulting and digital solutions.

The company operates through Banking, Financial Services & Insurance; Manufacturing; Energy & Utilities; High”Tech, Media & Entertainment; and CPG, Retail, Pharma & Others segments. It provides enterprise, infrastructure management, testing, digital, and platform-based solutions, as well as application development, maintenance, and outsourcing services.

For advanced digital innovation in the administration of clinical trials for patient-centered medication development, Larsen & Toubro Infotech Limited has strategic collaboration agreements with Amazon Web Services, Inc. and eClinicalHealth Limited.

In June 2001, the business changed its name from L&T Information Technology Limited to Larsen & Toubro Infotech Limited. The company was founded in 1996 and is headquartered in Mumbai, India.

The Bright Side of Larsen & Turbo Stock:

Larsen & Turbo Infotech Limited is one of the largest entities in its sector and is positioned in the top quartile. The high market capitalization of LTI stock makes it stable over the coming years.

On a risk-adjusted basis, LTI stock has performed very well. The company provides superior risk-adjusted returns (for a minimum hold period of one year) as compared to its sector peers and is in the top quartile.

Stock analysis shows that the management has delivered better return on equity, assets, and invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

LTI stock has shown top-quartile revenue growth in the last five years compared to its sector. In the recent four quarters, the total free cash flow has been positive for Larsen & Turbo Infotech Limited.

The share price of LTI appears to be justified as compared to the other stocks in the industry. Larsen and Turbo’s PE ratio (28.63X) is trading higher than its competitors’ ratio (26.09X) in the industry. This shows that if you purchase LTI stock today, you would be paying a fair price for it.

The Dark Side of Larsen & Turbo Stock:

Based on P/E, P/B, and P/CF ratios, LTI share price is trading high in comparison to the other stocks in its sector and is above the sector median. It is priced above the median for its sectors. Proceed with caution if you are considering buying LTI stock.

The Future of Larsen & Turbo Infotech Stock:

Before purchasing a company’s share and building a strong stock portfolio, investors wish to know about the company’s future. A good investment is always purchasing the shares of a strong company at a low price.

Larsen and Turbo profits can grow up to 35% in the two years ahead which predicts a bright future for the company. Positive cash flows should add up to LTI share price in the coming years.

The market has an optimistic forecast for LTI stock and the share price of LTI is already trading around sector price multiples. There are some other factors to consider too like price to earnings ratio and financial strength of the company. Before making the investment decision, you must look out for these factors.

Verdict: Buy, Hold, or Sell?

The share price of LTI today is INR 4462 which gives a positive outlook for the LTI stock. Larsen and Turbo share price is trading at a fair price and is above the sector median.

Larsen and Turbo Infotech Limited has a strong balance sheet hence the stock tends to be growing in a couple of years. The average analyst rating for Larsen and Turbo stock is ‘Strong Buy’

ICICI rates LTI stock as ‘Hold’ with INR 4480 target.

IDBI Capital rates LTI stock as ‘Buy’ INR 4534 target.

To get the latest stock analyst ratings, stock forecasts, and stock price targets, visit Stock Target Advisor.