Multibagger stock: Up 220% in 5 years! What's next for
L&T Tech?

Multibagger return:
L&T Tech stock

Shares of L&T Technology Services have delivered over 220% return to its investors in the last 5 years

About L&T Tech

L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. It offers consultancy, design, development and testing services across the product and process development life cycle

L&T Tech on D-Street

Shares of L&T Tech hit its 52-week high of Rs 5,714 on January 13, 2022, and a 52-week low of Rs 2,923.35 on July 4, 2022

L&T Tech on D-Street

Currently, the stock is down over 36% from its 52-week high. It ended at Rs 3,640.5 on BSE on January 12, 2023

What's next?

Morgan Stanley has maintained its 'Underweight' rating on L&T Tech stock with a target price of Rs 3,300 

Morgan Stanley on
L&T Tech

Morgan Stanley believes that the transition of SWC's domestic biz to a global clientele profile will weigh on sentiment

Kotak Institutional Equities on L&T Tech

Kotak Institutional Equities has a 'Sell' rating on the L&T Tech due to "expensive valuations", which do not adequately bake in risks from a potential pull-back in discretionary tech spends

L&T Tech in focus

L&T Tech is in focus after the company announced its decision to acquire the Smart World & Communication (SWC) business of parent Larsen & Toubro (L&T) 

Disclaimer

The stock mentioned in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position

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