Nomura has reiterated its neutral rating on L&T Technology Services (LTTS) with a target price of ₹4,900. The firm acknowledges strong performance in Q3FY25 at both revenue and margin levels. Key highlights include:
- Strong deal wins and a robust pipeline.
- FY25 guidance revised to 8% organic growth from the earlier range of 8-10%.
- EBIT margins are expected to improve gradually over FY26-FY27.
The stock currently trades at 27.8x FY27F EPS, with its current market price (CMP) at ₹4,870.
Disclaimer: This report is for informational purposes only and should not be considered as financial advice. Please consult your financial advisor before making any investment decisions.
