ICICI Securities Downgrades L&T Technology Services to Reduce, Sets Target Price at 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, citing potential margin pressure from the Intelliswift acquisition. Although the company has reported strong revenue growth, the mixed outlook for the auto sector has prompted a cautious stance, leading to the downgrade. This move may impact the company's financial performance, affecting its position in the technology services sector, particularly in areas like digital transformation and IT consulting.
