L&T Technology Services Stock: ICICI Securities Gives Reduce Call with Rs 4,110 Target Price
2025-01-20
MSN
ICICI Securities has issued a reduce call on L&T Technology Services, setting a target price of Rs 4,110. The decision is driven by potential margin pressures stemming from the Intelliswift acquisition. Although the company has experienced strong revenue growth, a mixed outlook for the auto sector has prompted a cautious approach. With industry trends and market analysis in mind, investors are advised to reassess their positions. Technology services and automotive industry trends will be key factors to watch. The stock's performance will depend on its ability to navigate these challenges and maintain profitability.
