LTTS known as L&T Technology Services and its a Mid cap company having Market capitalization of Rs 26,788 crores and it is trading at the price of Rs 2549.
LTTS is going to post a very good growth in this quarter and it has increased its client base. So, here LTTS is very well placed. Also LTTS is having multi vertical expertise .
Now, the news is coming about LTTS is that it is boosting its presence in ISVs and cloud hyperscalers. Engineering spend on digital & new technologies is a large opportunity for LTTS. Identified Merger & Acquisition opportunities in health tech, ISV & auto techLTTS expects the 5G opportunity to play out within the next three years
Three-year earnings CAGR (Compound annual growth rate) of 24.2% by FY24E. Long runway for growth justifies premium valuations, value it at 25x FY23E EPS
So, here is BUY call to buy LTTS for a Target of Rs 2700.