BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
We attended L&T Technology Services Ltd.’s Analyst Day, where the management spelt out its aspiration of achieving FY25 revenue of $1.5 billion, along with 18% Ebit margin.
The management indicated that digitisation is driving accelerated spends in engineering research and development and should benefit it due to:
strong capabilities,
multi-vertical presence, and
solid wallet share.
We expect L&T Technology to deliver strong revenue growth over the coming years and retain it as our top pick in the midcap IT services space.
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