Morgan Stanley maintained its ‘equal-weight’ stance on L&T Infotech with a goal value of Rs 3,900, which is sort of close to to its earlier shut of Rs 3,873.65.
“The IT agency reported good margins with wholesome order consumption, however the attrition fee was reasonable with first rate headcount addition,” it added. Nonetheless, the important thing constructive was 4 giant offers with a brand new TCV of $79 million, stated the brokerage.
L&T Infotech reported a 27.7 per cent year-on-year (YoY) rise in internet revenue at Rs 634.40 crore in contrast with Rs 496.80 crore in the identical quarter year-ago. The IT agency witnessed international alternate positive factors of Rs 82 crore from Rs 69 crore YoY.
One other brokerage agency JP Morgan is ‘underweight’ on
with a goal value of Rs 3,700, which is lower than half of its earlier shut of Rs 7,798.
“Order ebook stays robust and the pipeline seems to be wholesome. CC development continues to stay robust at 6.5 per cent, whereas margin growth in a partial wage hike quarter was a constructive shock,” it added.
Tata Elxsi clocked a strong 63 per cent YoY development in revenue at Rs 184.7 crore for the quarter ended June 2022 on robust working revenue and topline development. The corporate reported a 30 per cent YoY rise within the revenues from operations at Rs 725.9 crore.
Goldman Sachs is ‘impartial’ on
on the again of a steep rise in pet coke and imported coal costs, which hit the corporate’s bottomline. It has a goal value of Rs 2,100 on the counter, whereas the inventory settled at Rs 2,156.40 on Thursday.
The brokerage stated larger gasoline costs impacted the leads to the June 2022 quarter. It doesn’t count on
and Dalmia to see an analogous EBITDA decline on a sequential foundation.
Cement maker ACC reported a 60 per cent YoY decline in consolidated internet revenue at Rs 227.35 crore within the June 2022 quarter, on account of an increase in gasoline prices and associated inflationary impacts. The corporate posted a revenue of Rs 569.45 crore in April-June 2021.
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