 "Despite good prospects, valuations concerns may cap upside in L&T Infotech")
The country’s sixth largest software company by market capitalisation, Larsen & Toubro Infotech (L&T Infotech) hit a growth hurdle in the March 2022 (Q4FY22) quarter. After strong sequential growth of 8 per cent for the prior couple of quarters, the IT major fell short of street estimates as it reported a sequential growth of 3.6 per cent on a constant currency basis for Q4FY22.
Growth was pegged back by muted volume performance due to onshore attrition. Volume growth was flat for the quarter as compared to 2-4 per cent sequential growth in the previous quarters. Banking, manufacturing and hi-tech sectors were
