May 24, 2018 / 6:31 AM / in 3 months

BUZZ-India's Larsen & Toubro Infotech hits near 4-week high

** Shares of Larsen & Toubro Infotech Ltd rise as much as 5 pct to 1,674.7 rupees, their highest since April 27

** IT services co posted 14 pct jump in March-quarter profit on Wednesday

** Co reported another strong quarter and continued to beat consensus forecast across the board - IDBI Capital

** Adds it expects the Mumbai-based firm to maintain positive outlook for FY19 and provide Y-o-Y revenue growth outlook of mid-teens

** Fifteen brokerages of the 18 covering the stock rate it “buy” or higher and 3 “hold”. Their median price target is 1,420 rupees, according to Thomson Reuters data

** Stock had risen nearly 43 pct this year as of Wednesday’s close

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below