L&T Infotech Ltd IPO Message Board (Page 48)

Larsen 59-62
Application 325

KOSTAK ? AND PREMIUM ?

Larsen 59-62

should we subscribe L & T IPO or no
please guide me

No if you have still not made up your mind

REC @192 suggested @154(52 week low)...now time to book some profit..remaining hold for 225......enjoy.
PNB @121 suggested @73...book full profit(80% of ur quantity).....

Enjoy

Gamble ji as per your advice I brought jk bank n wat should be target n time interval n SL for jk bank.....plz reply

Sl should b 65 if u are short term investor..otherwise do not req any sL..
Target should b 76/79/85/90...expected in nxt 1/2 months...sell ur few quantity in above targets..
Like 76(20%)
79(20.%)
85(25%)
90(25%)
10% hold for long..

📌 TOWER TALK 🏦
(from Money Times)

🚀 Sadbhav Infrastructure Project is a good buy considering a 28% jump in its toll revenues, commissioning of additional toll plazas and a fall in interest rates due to cheaper refinancing.

🚀 ARSS Infrastructure Projects recommended at Rs.32.1 on 22 February 2016 touched Rs.100 last week. Don’t miss the bus again. The Company has huge railway and road orders in the pipeline. Buy immediately for decent returns within a year.

🚀 Equitas Holdings has obtained the small finance bank licence. Expect a big jump in its share price.

🚀 REC’s rally seems to have started. The Company posted an EPS of Rs.55 and paid a dividend of Rs. 17.1 for FY16. This high tax-free yield is attractive even for investors who prefer to park their funds in bank deposits at 7.5% taxable interest. A safe stock for decent returns.

🚀 Claris Lifesciences has obtained USFDA approval for its TB related special injectables. Buy immediately for decent gains.

🚀 Karnataka Bank is seen consolidating at the Rs.145 level. It posted an EPS of Rs.22 and declared a dividend of Rs.5 for FY16. Buy for a price target of Rs.175 in the next 3 months. errclub

🚀 Kiri Industries, one of the best buys in the dyes and chemicals industry, is expected to post an EPS of Rs.110 for FY17 and Rs.132-140 in FY18. Buy for a short-term price target of Rs.500. errclub

🚀 Allahabad Bank aims at over 20% retail loan growth this year. A lucrative buy at the current level.

🚀 Excellent progress of monsoon will boost fertiliser stocks. Buy GSFC and GNFC.

🚀 Rossell India, which is into Tea, Aviation, Defence (Technology and Engineering) and Hospitality along with strategic investments in the fast food market, has reportedly fared much better this year. Buy for decent gains. errclub

🚀 Cimmco, a part of Titagarh Wagons, is a potential multibagger as it expects big orders from the railways. Buy and hold for two years.

🚀 Ultratech Cement will benefit from the Rs.16600 crore acquisition of J.P. Associates’ cement business as cement realisations have started improving. A good Buy.

🚀 Mahindra & Mahindra’s lost glory may return soon as the Company expects its top-line to improve with anticipated investment of over Rs.1 bn along with the launch of new products. Buy for a price target of Rs.1800 within a year. errclub

🚀 Satin Creditcare Network expects a 60% jump in loan disbursals this year and its profits therefore may double. An excellent Buy.

🚀 The rumour of KFA’s settlement is doing the rounds. Buy McDowell Holdings for a price target of Rs.82 which is 75% lower than its share book value of Rs.328. errclub

🚀 An Ahmedabad-based analyst recommends Prakash Industries, DHP India, Galada Power & Telecommunication, IOL Chemicals & Pharmaceuticals and Shiva Global Agro Industries. His APM Industries recommended at Rs.63.3 last week zoomed to Rs.72 while Carnation Industries jumped from Rs.36.75 to Rs.47.75 and Patels Airtemp (India) jumped from Rs.138.45 to Rs.162 in just one week.

From moneycontrol.com
(http://www.moneycontrol.com/news/ipo-issues-open/big-ticket-ipo-should-you-subscribe-lt-infotechreasonable-valuation_7008201.html?utm_source=ref_article)

Big ticket IPO: Should you subscribe L&T Infotech on valuation L&T Infotech’s sales and profit have grown at a CAGR of 13.50 percent and 18.20 percent respectively through FY 14-16.

The much-touted L&T Infotech intial public offer (IPO) will open for subscription today. The IT arm of Larsen & Toubro group is aiming to raise Rs 1243 crore through an initial share sale offer. The price band for the issue is fixed at Rs 705-710. The issue will close on July 13. The IPO comprises an offer-for-sale of up to 1.75 crore equity shares by L&T Ltd. It constitutes 10.3 per cent of the post offer paid-up equity share capital of the company. So, should you subscribe?

Most analysts are upbeat on the issue and recommend subscribing it on reasonable valuation.

Reliance Securities is positive on L&T Infotech IPO stating that at the price band of Rs 705-Rs 710 per share, the offer comes at a price equity of 13.0x-13.1x trailing (FY16) earning per share (EPS), which is at 25-30 percent discount to peers like Mindtree & Hexaware. L&T Infotech is 24 percent and 83 percent larger than Mindtree & Hexaware, respectively in terms of revenue, and earns substantially higher returns on equity (RoE). It feels L&T Infotech with its revenue size, high return ratios and redoubtable parentage should command 10 percent PE discount to Mindtree on inferior growth, while the IPO price band indicates a much larger discount. "The promoters have left something on the table for the investors in terms of valuations, which we view as a major positive factor in favour of the IPO. We recommend subscribe to the IPO on the back of scale, redoubtable parentage, high return ratios and reasonable valuation," it says in a report. L&T Infotech is India’s seventh largest IT services firm by revenue draws majority of its revenue from Banking, Financial Services and Insurance (BFSI, 47percent - 26.3 percent BFS, 20.7 percent insurance), followed by energy & process (12.7 percent), CPG, retail & pharma (9.3 percent), automotive and aerospace (6.8 percent), media & entertainment (6.2 percent) and hi-tech & consumer electronics (5.2 percent). Digital services accounted for 11.1 percent of revenue in FY16.

Aditya Birla recommends subscribe on L&T Infotech for the medium term prospects as reflects, in a an industry which has started to struggle for growth. "At the higher price band of `710, the stock is valued at 2times and 13times of its FY16 sales and earnings respectively, which is at a sharp discount to its listed peers. It has strong management background, established brand, and strong growth statistics and return profile," it says in a report. The brokerage firm is impressed that its group company provides the company a competitive edge over others in attracting new clients and exploring the potential business opportunities across various geographies and segments. L&T Infotech’s sales and profit have grown at a CAGR of 13.50 percent and 18.20 percent respectively through FY 14-16.
Ajcon Global is bullish on the issue as at the upper end of the price band of Rs 710, the IPO is valued at 12.6x at FY16 Post issue PE which is cheap as compared to its immediate peers. However, the brokerage firm is worried about L&T Infotech''s high client concentration risk. It states that loss of a major client or a significant reduction in the services performed for a major client could result in a significant reduction of revenue. "Significant pricing or margin pressure exerted by its large clients would also adversely affect its business, financial condition and results of operations," Ajcon adds.

L&T Infotech’s ten largest IT services clients accounted for approximately 52.7 percent, 49.5 percent and 46.8 percent of its revenue from continuing operations in Financial Years 2016, 2015 and 2014, respectively. It also points out that wage increases in India may diminish L&T Infotech’s competitive advantage against companies located in the United States and Europe and may reduce its profit margins.

GEPL Capital recommends to subscribe the issue but warns that forex fluctuations may pose key risk as majority of the revenue comes from international territories. The company derived 94.2 percent and 95.8 percent of its total revenues in FY16 and FY15, respectively from overseas sales, while 42.2 percent and 41.3 percent of its total operating expenses in the FY16 and FY15,respectively were incurred in Indian currency.

Sharekhan is also worried that appreciation of the rupee against foreign currencies may have a material impact on the company’s reported results but the positive factor is that it has no major exposure to the UK, which kept it immune from the Brexit issue. The brokerage firm feels its valuation at the offer price looks attractive, given its strong parentage, healthy return ratios and high dividend payout. "Continued traction in the key verticals like BFSI and improvement in the energy vertical, coupled with stronger growth in the digital and IMS space will be key earnings drivers for the company going forward," it says in a report.

Antique expects the company to continue to grow at industry rate if not more driven by a strong parentage in the form of L&T Group and increasing wallet share amongst top clients. "While it is currently trading at multiples similar to other mid-sized Indian IT players, we expect it to post growth inline with industry if not more, driven by benefits from increasing digital contribution, L&T parentage and subsiding concerns in the energy space," it adds.

SEPTA SIR DO U APPLY TO L AND T INFOTECH IPO GIVEN WORST CONDITIONS FOR IT CO ?

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”


― Warren Buffett

Great thought...

There no hectic activity in IPO L & T Infotec ltd and grey market appearing dull.Retail investor showing no gaiety

Due to BANK strike , apply earlier today , Do not wait for QIB results

Sir,when strike ,date plz

Even if bank goes strike on 12 and 13 then ipo date will be extended till 15 .

@NRI INVESTOR,SELL OUT CALL/PUT IS BETTER TN BUY IN MY OPINION,DOING LAST 8 YERS

Yes ,I observe the same thing

Lot of people have asked stock tips which book to understand the market how to invest...... However the really money is made in derivatives it is high risk high reward i put few CE and PE option all the times both index base and individual stock they r high risk however the rewards is in range of 100% to 3500% and the max u loose is ur premium on the call so in lay man term if i put few mix of CE and PE calls and i get say three correct and 7 wrong i still make money.

All of those who want to really make big in market should IMO get into a good course or read book on investing in derivatives I actual did a course on derivatives in 1998 from Sydney university which was actual not a part of my course since i was doing an applied finances since i was already a CA i was getting many paper exemption in NSW university but took this course from Sydney university as a addition which has help me a lot.....

So this is out on context subject in regards to L& T infotech so sorry eagleye

sir is there any course or syllabus currently going on on these .. by ICAI ???

I have asked earlier (2-3 years back) , but they deny . and some senior fellow member advice me to do CFA . (us), if one want to make career in that field..

Warren Buffet''s quote ''Derivatives are weapons of mass destruction''

application - 450
Gmp -68

May the tribe increase! 26 lakh demat accounts added in 10 months | Demat accounts


The tribe of retail investors, which had long shunned equity markets are slowly and steadily making a comeback. The renewed confidence in the primary market has seen the number of new demat accounts spurting by over 26 lakh in last 10 months. The number of total demat accounts held with CDSL and NSDL have grown by 26,61,515 in last 10 months.

The Central Depository Services India Ltd (CDSL) had crossed the coveted 1 crore mark in August last year, since then the depository has added 12,24,276 new demat accounts, which takes the total demat accounts to 1,12,24,276 as of June 30, 2016.

Similarly, its peer, the National Securities Depository Ltd (NSDL) has added 14,37,239 new accounts during the period under review. The total demat accounts held with NSDL rose to 1,46,76,023 as of June 30, which were 1,32,38,784 as of August 31, 2015. NSDL currently holds 1,46,76,023 demat accounts.

The total combined demat accounts held with both the depositories stand at 2.59 crore. It is pertinent to note that the number of total demat accounts in the country had crossed 2 crore mark in August 2014. In last 22 months, both the depositories have added nearly 60 lakhs new demat accounts.

N. RangaRs.5.50 per transaction), product innovation and above all substantial improvement in quality of service delivered by the DPs and Depositories in the Capital Market.”

TS Krishna Murthy was appointed as the new Chairman of CDSL on May 30, 2016.

Apart from the increasing number of demat accounts with both the depositories, data shows that the total value of securities in dematerialised form at NSDL stood at nearly Rs.122 lakh crore at the end of June 2016, growing at 1.6% as compared to Rs.120 crore as of August 2015.

Market experts are of the view that apart from a sharp resurgence in IPO markets, the secondary markets, too, have fared steady amidst the global economic slowdown. Besides, the government’s move towards ‘Single Demat Account’ has played a key role. It is expected that assets such as fixed deposits of banks and corporates, insurance policies, pension products among others will be kept in demat form, which will result into a further surge in demat accounts in coming months.

Moreover, the robust IPO pipeline, which includes multi- million dollar IPOs of companies such as PNB Life, L&T Infotech and Vodafone coupled with some other prominent public issues, are expected to see impressive numbers of new demat accounts to be added in the current year. However, market experts reiterate that retail investors, particularly in stock markets and commodities, still account for 6-7% of total number of demat accounts held with CDSL and NSDL.

Very useful septaji.IT MAY BE PNB HOUSING FIN INSTEAD PNB LIFE

after reading financial statements of infotech it seems L&T is good more in financial engineering then either engineering or IT 😊

Result calendar of Q-1 2016

Name Date

SOUTHBANK 08-Jul-16
INDUSINDBK 11-Jul-16
CERA 12-Jul-16
LICHSGFIN 15-Jul-16
EXIDEIND 18-Jul-16
GRUH 18-Jul-16
MINDTREE 18-Jul-16
KITEX 20-Jul-16
NUCLEUS 20-Jul-16
ABB 21-Jul-16
AXISBANK 21-Jul-16
BHARATFIN 21-Jul-16
GNFC 21-Jul-16
HDFCBANK 21-Jul-16
KOTAKBANK 21-Jul-16
SYNGENE 21-Jul-16
EQUITAS 22-Jul-16
M&MFIN 22-Jul-16
PERSISTENT 22-Jul-16
BAJAJFINSV 26-Jul-16
BAJFINANCE 26-Jul-16
DRREDDY 26-Jul-16
ELECON 26-Jul-16
GOACARBON 26-Jul-16
MAHINDCIE 26-Jul-16
PIIND 26-Jul-16
VGUARD 26-Jul-16
ZEEL 26-Jul-16
BAJAJ-AUTO 27-Jul-16
BAJAJHLDNG 27-Jul-16
DABUR 27-Jul-16
GICHSGFIN 27-Jul-16
HDFC 27-Jul-16
CHOLAFIN 29-Jul-16
GODREJCP 29-Jul-16
LALPATHLAB 29-Jul-16
NESTLEIND 29-Jul-16

thank u

WHAT is stop loss and target high of DR Reddy

NIFTY 50 STOCKS RESULTS DATE

INDUSIND BANK-11JULY

TCS -14 JULY

RIL - 15 JULY

INFY -15 JULY

HUL- 18 JULY

ULTRA TECH - 19 JULY

WIPRO - 19 JULY

KOTAK BANK - 21 JULY

HDFC BANK - 21 JULY

AXIS BANK-22 JULY

ZEEL - 26 JULY

INTRATEL - 26 JULY

DRREDY - 26 JULY

YES BANK -27 JULY

ASIAN P -27 JULY

BAJAJ AUTO-27 JULY

HDFC - 27 JULY

ICICI BANK -29 JULY

still now i have decided not to apply since my luck never favours linkintime as registrar

So far IIFL,Reliance securities,Ajcon global,angel broking,GEPL capital,Arihant capital and finally SP.Tulsian& Dilip sir recommended for subscribe. No single research firm has discouraged the issue.Why ?. Though L&T finance is a failure issue.

It has got fundamentals. ...& in long run fundamentals will play over the market sentiments....... It''s hard to find a quality IT stock with cheaper valuations than L&T

L&T Infotech OPO
GMP 68-70

What are the expectation of market pundit??

NEED YOUR CELL NUMBER

Good IPO must apply