Hold the stock. Repeating again. Hold the stock and it will give u manifold returns. Do not look for quick bucks. Have patience and u would be suitably rewarded. U r grtting an IT share at dirt cheap valuation. Do not panic.
Will remain stuck in the range of 660-730 before results..!!
Now results are out but can not seen fire work... So buy only above 730 or below 670 for safer side otherwise hold.(jab all IT pack run hoga tabhi ye chalega!!!)
Even Result not have any impact on stock prices till now, looks like investor have lost trust in company
I can see certain observations
> Company in business since long even though not achieved any spectacular growth achievement till now ,its not new venture of L & T
> L & T Have reduced their burden by this IPO and may see when upward movement comes (when god know ) management and operator will start sell further shares
> Market have understand their strategy correctly and respond accordingly, this suggest this is not bull market but wise market
> This is clear attack by market on credibility of L& t management
Gr8 results. Now let''s see where it goes. Have very high hopes with it. Remember a few days back what I said. Do not panic. Any script can move up n down in the short term but this ones can give u many fold returns. Just wait n watch. Hold for at least a yr. U will get 900+.
L&T Infotech Posts Strong 35% YoY Growth in PAT; USD Revenue Growth at 11% YoY and 0.6% QoQ
In Indian Rupees:  Revenue at Rs 15,550 million; growth at (0.2%) QoQ and 16.6% YoY  Net Income at Rs 2,358 million; Net Income growth at 3.3% QoQ and 35% YoY