IIFL Research's Stock Idea: Buy L&t Technology Ser.. with Target Rs 5500

IIFL Research has buy call on L&t Technology Ser.. with a target price of Rs 5500. The current market price of L&t Technology Ser.. is Rs 5360.9

About L&t Technology Ser..:

Larsen & Toubro Technology Services Limited (L&T Technology Services) is an engineering and technology services provider headquartered in Mumbai, India. The company offers a range of services, including Engineering Design and Development, Digital Manufacturing, Plant Operations Support, and Product Lifecycle Management. L&T Technology Services serves customers in various industries, including Aerospace, Defense, Automotive, Medical, and Energy. The company has a global presence with offices in India, the United States, Europe, and the Middle East. L&T Technology Services is a subsidiary of Larsen & Toubro, one of India's leading engineering and construction companies.

52 Week Price Trend:

LTTS currently trades at Rs 5360.9, within its 52-week range of Rs 3281.05 to Rs 5678.9. This implies that the stock is currently trading below its 52-week high and above its 52-week low.

Stratzy's Analysis:

LTTS has been rated AAA by Stratzy's MOST framework, indicating that it has strong management, a positive outlook, high safety, and a favorable trend. This low fundamental risk rating suggests that LTTS is a stable and reliable investment with minimal risk exposure.

Company's Fundamentals:

L&T Technology Services (LTTS) is a publicly traded company on the National Stock Exchange of India (NSE). As of the most recent trading session, its stock has a Price-to-Earnings (PE) ratio of 44.07, which indicates the market's valuation of the company's earnings per share. The Price-to-Book (PB) ratio of 11.99 represents the market value of the company's assets relative to its book value, providing insights into the company's financial strength. LTTS offers a Dividend Yield of 0.83%, which represents the annual percentage return shareholders receive in the form of dividends relative to the stock price, indicating the company's commitment to rewarding investors. These financial metrics provide investors with valuable information for evaluating the company's financial health and investment potential.

Fundamental and Technical information provided in this blog were last updated on 15 Mar, 2024

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