At the higher end of its price band, the L&T Infotech issue is priced at 13.1 times financial year 2015-16 earnings. There’s nothing that differentiates L&T Infotech from the rest of the IT services pack, in terms of its services. Back in June 2007, he had said that L&T Infotech will reach $1 billion in revenues in 3-4 years. So L&T Infotech looks set for a listing pop. Also, while most mid-tier companies have high client concentration, at L&T Infotech, the risks appear a tad higher.

Source: Mint July 06, 2016 05:37 UTC