L&T Tech
19.01.2022 - CITI on L&T TECH Maintain Sell CMP 5421 Target 4430
19.01.2022 - CLSA on L&T Tech Maintain Outperform CMP 5421 Target 6150
CLSA ON L&T TECH : 15.07.2021
• Strong margin defence, healthy deal activity, improved FY22 growth outlook
• High confidence on margin defence
• Engineering services are relatively more vulnerable
• Expect execution impact to be transient
L&T Tech
