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, setting a target price of Rs 4,110, amid concerns over potential margin decline due to the Intelliswift acquisition. Despite robust revenue growth, the mixed outlook for the automotive sector prompts a cautious stance, impacting the company's overall performance. With the tech industry facing challenges, investors are advised to exercise caution. Key factors to consider include revenue growth, margin pressure, and industry trends.
