Goldman Sachs has downgraded L&T Infotech to ‘sell’ from ‘neutral’, with a target price of Rs 3,217. That means a 17 percent downside from the current levels.

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The revenue growth is expected to settle down in the low teen levels over FY23-FY24 estimates.

EBIT margins are expected to fall to 118 basis points in FY22 on account of the tight labour market.

Watch the accompanying video of CNBC-TV18’s Nimesh Shah for more details.

To watch other videos in this series, click on the Standout Brokerage Report tab below.

(Edited by : Dipika)

First Published:Jun 2, 2021 10:08 AM IST