l&t tech shares: L&T Tech shares in focus after Q3 PAT falls 4% YoY to Rs 322 crore. What should investors do? - The Economic Times
Synopsis
Should you buy, sell, or hold L&T Tech's stock? Here's what analysts say:
Macquarie
Macquarie maintained an 'Underperform' rating on LTTS with a target price of Rs 4,310.
The firm highlights good growth in the Technology vertical, driven by record deal wins. The acquisition of Intelliswift is seen as a pivot towards the faster-growing Digital Software Engineering sector. However, Macquarie anticipates ongoing challenges in the automotive sector for the next few quarters. They also expect IT Services firms to grow faster than ER&D firms and prefer Persistent Systems over LTTS.
Also Read: Q3 numbers a concern, mutual funds buy defensives
Nuvama
Nuvama maintained a 'Hold' rating on LTTS with a target price of Rs 4,852.
The firm notes mixed results for Q3FY25, though management remains upbeat due to record-high deal wins. The FY25 guidance is largely maintained with an expected growth of around 10%. However, margin guidance has been lowered following the Intelliswift acquisition. Nuvama is also cutting FY25E and FY26E EPS estimates by 2% and 5%, respectively, due to reduced other income from the acquisition.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...moreless
(You can now subscribe to our ETMarkets WhatsApp channel)
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
...moreless