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L&T Technology Services stocks: Buy L&T Technology Services, target price Rs 6300: Motilal Oswal


Motilal Oswal has buy call on L&T Technology Services Ltd. with a target price of Rs 6300. The current market price of L&T Technology Services is Rs 5476.75.

L&T Technology Services Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 58072.77 Crore) operating in IT Software sector.

L&T Technology Services Ltd. key Products/Revenue Segments include Service (Engineering) for the year ending 31-Mar-2024. Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 2524.10 Crore, down -2.68 % from last quarter Total Income of Rs 2593.50 Crore and up 7.45 % from last year same quarter Total Income of Rs 2349.10 Crore. Company reported net profit after tax of Rs 313.90 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 73.69 per cent stake in the company as of 30-Jun-2024, while FIIs owned 4.46 per cent, DIIs 13.06 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.



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