L&T Technology Services: ICICI Securities Issues Reduce Call with Target Price of Rs 4,110
2025-01-20
MSN
ICICI Securities has issued a reduce call on L&T Technology Services, citing potential margin pressure from the Intelliswift acquisition. Despite strong revenue growth, the mixed auto sector outlook sparks caution. With a target price of Rs 4,110, investors are advised to exercise caution due to possible erosion in profit margins, impacting the company's overall financial performance and stock price, affecting the technology services sector and IT industry trends.
