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EUR 12.91 For Business Accounts Only

L&T TECHNOLOGY SERVICES sees an upgrade to Neutral thanks to a better star rating, but the title remains unattractive

The independent financial analyst theScreener just awarded an improved star rating to L&T TECHNOLOGY SERVICES (IN), active in the Heavy Construction industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 1 out of 4 possible stars. Given its market behaviour as moderately risky, theScreener considers that these elements allowing slightly upgrading its general evaluation to Neutral; the title, however, remains unattractive. As of the analysis date March 4, 2022, the closing price was INR 4,613.50 and its target price was estimated at INR 3,817.10.
Underlying
L&T Technology Services

L&T Technology Services Limited is an India-based engineering research and development services company. The Company is engaged in providing a range of engineering services and related technologies in the areas of embedded systems, mechanical and others. Its segments include Transportation, Process Engineering, Industrial Products, Medical devices and Telecom. The Company also acts as a service provider to companies in India and abroad. It offers services, including embedded system and applications; engineering process services; mechanical engineering; product lifecycle management (PLM), and consulting services. It also offers solutions, including engineering analytics; Internet of Things and machine to machine; power electronics, and semiconductor Internet protocol (IP) solutions. The Company exports engineering and design services to North America, Europe, the Middle East, Japan, Korea and other Asia-Pacific (APAC) countries. The Company is a subsidiary of Larsen & Toubro Limited.

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TheScreener
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