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)

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