Buy L&T Technology Services; target Rs 1700: Kunal Bothra

Independent Analyst Kunal Bothra has a buy call on L&T Technology Services with a target price of Rs 1700. The current market price of L&T Technology Services is Rs 1646.75. Time period given by analyst is Intra Day when L&T Technology Services price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 1620. L&T Technology Services , incorporated in the year 2012, is a Large Cap company (having a market cap of Rs 17121.27 Crore) operating in Engineering sector.

L&T Technology Services key Products/Revenue Segments include Service (Engineering) which contributed Rs 3506.60 Crore to Sales Value (100 per cent of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 1266.10 Crore, up 9.89 per cent from last quarter Sales of Rs 1152.20 Crore and up 40.58 per cent from last year same quarter Sales of Rs 900.60 Crore Company has reported net profit after tax of Rs 191.80 Crore in latest quarter. The company’s top management includes Dr.Keshab Panda, Mr.A M Naik, Mr.Amit Chadha, Mr.Arjun Gupta, Mr.Bhupendra Bhate, Mr.Narayanan Kumar, Mr.S N Subrahmanyan, Mr.Samir Desai, Mr.Sudip Banerjee, Ms.Renuka Ramnath.