L&T Technology Services: ICICI Securities Cuts Outlook, Targets Rs 4,110
2025-01-20
MSN
ICICI Securities has downgraded L&T Technology Services to a reduce call, setting a target price of Rs 4,110, due to anticipated margin pressure from the Intelliswift acquisition. Although the company has reported robust revenue growth, concerns over the auto sector's mixed outlook have led to a cautious stance, with potential implications for technology services stocks and IT sector trends. With a focus on risk management, investors are advised to reassess their portfolio, considering the current market sentiment and industry landscape.
