LTTS

LTTS(L&T Technology Services Limited)

13.01.2023 - MS on LTTS Maintain Underweight CMP 3446 Target 3300
19.10.2022 - CITI on LTTS Maintain Sell CMP 3513 Target 2790
19.10.2022 - CLSA on LTTS Maintain Sell CMP 3513 Target 3200
19.01.2022 - CITI on L&T TECH Maintain Sell CMP 5421 Target 4430
19.01.2022 - CLSA on L&T Tech Maintain Outperform CMP 5421 Target 6150

CLSA ON L&T TECH : 15.07.2021

• Strong margin defence, healthy deal activity, improved FY22 growth outlook
• High confidence on margin defence
• Engineering services are relatively more vulnerable
• Expect execution impact to be transient