上海养生网：Five reasons why L&T Technology Services shares surged 9% after Q3 results

Shares of L&T Technology Services Ltd. (LTTS) surged up to 10% on Thursday, January 16, after the IT company reported a strong performance in both revenue and margin levels for the December quarter上海养生网. The company also achieved its highest-ever deal booking total contract value (TCV) in Q3, with eight large deals. LTTS expects deal momentum to remain strong in 2025.

The shares rose 10% to hit a day❼high of ₹5,336.90. However, the stock remains down 2% over the past year.

LTTS is expecting an organic growth guidance of 8% for FY25, compared to the 8-10% estimated by analysts. Kotak had estimated growth guidance at 7-8%.

The stock is currently 13% lower than its peak of ₹6,000.

Kotak has maintained a ❜ll✩ating on LTTS but raised its price target from ₹4,450 to ₹4,750. The brokerage noted optimism in the near-term outlook but said it would wait for sustained improvement before revising its cautious stance.上海新茶网

Emkay has upgraded the stock to ❊d✩hile retaining its price target of ₹5,150, citing the recent price correction and improving momentum across verticals.

Motilal Oswal highlighted that the correction has made valuations relatively comfortable and reiterated its ❋y✩ating with a revised price target of ₹5,500.

LTTS reported strong deal bookings during the quarter, including one $50 million deal, two $35 million deals, two $25 million deals, and three $10 million deals.

LTTS has a relatively lower exposure to the automotive segment, at 33% of revenue, compared to peers like Tata Elxsi (50%) and KPIT (100%). This is seen as a positive factor given the slowdown in the automotive sector.上海新茶工作室微信

The management expressed confidence in future growth, saying:

- The demand environment is better compared to the same period last year.上海419论坛

- FY26 is expected to outperform FY25.

- Q4 margins are anticipated to remain in line with Q3 levels.

- All three segments are expected to grow in Q4 and FY26.

- The medium-term aspiration remains $2 billion in revenue with margins of 17-18%.

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