It Technology Services Segment News Today

Brokerages across the board remain bullish on L&T. Morgan Stanley maintains an Overweight rating with a target at `1512/share saying L&T’s core revenue growth was 4% YoY, with weak infra business. They believe the core margin was up 80bps, helped by profit on the sale of commercial towers and L&T has continued to focus on strong cash generation. UBS maintains a Buy rating with a target at `1575/share saying the book-to-bill ratio at a 20-quarter high and valuations are still undemanding. UBS ...