HDFC Securities: L&T Tech Q2 Review - Recovery Is Priced In 
A person uses a laptop computer (Photographer Andrey Rudakov/Bloomberg)

HDFC Securities: L&T Tech Q2 Review - Recovery Is Priced In 

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HDFC Securities Report

L&T Technology Services Ltd.’s Q2 print was slightly ahead of estimates, and the growth rebound (despite Q3 furlough uncertainty) is supported by a pick-up in deal activity (deal pipeline and wins higher by approximately 16% over the previous quarter).

While the company has a strong pedigree in engineering and research and development with a well-diversified service portfolio, factors such as business cyclicality, higher discretionary nature, and slower pace of large deal conversion result in sequential volatility.

Click on the attachment to read the full report:

HDFC Securities L&T Technology Services Q2FY21 Results Update.pdf

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