L&T Technology Services: ICICI Securities Downgrades to Reduce, 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. The brokerage firm cites a potential decline in margins due to the Intelliswift acquisition. Although the company has posted strong revenue growth, a mixed outlook for the auto sector has led to a cautious stance. With the acquisition expected to impact profitability, investors are advised to exercise caution. Key concerns include margin pressure and automotive industry trends. The stock's performance will be closely watched in the coming quarters, with technology services and engineering research and development being key areas of focus.
