L&T Technology Services: ICICI Securities Sets Target Price at Rs 4,110, Cites Margin Concerns
2025-01-20
MSN
ICICI Securities has issued a reduce call for L&T Technology Services, setting a target price of Rs 4,110, amid concerns over potential margin decline due to the Intelliswift acquisition. Although the company has seen strong revenue growth, the mixed outlook for the automotive sector has led to a cautious stance, impacting the stock's prospects. With the technology services sector experiencing fluctuations, investors are advised to exercise caution. Key factors to watch include margin performance and sectoral trends, which may influence the stock's future trajectory. The IT services industry is expected to remain competitive, with companies like L&T Technology Services navigating challenges and opportunities.
