L&T Technology Services Receives 'Buy' Rating from MarketsMOJO, Strong Fundamentals and Bullish Trend Drive Upgrade
L&T Technology Services, a leading IT software company in the largecap industry, has recently received a 'Buy' rating from MarketsMOJO on 2024-02-26. This upgrade is based on the company's strong long-term fundamental strength, healthy growth, and bullish technical trend.One of the main reasons for the 'Buy' rating is the company's average Return on Equity (ROE) of 25.23%, which indicates a strong financial performance. Additionally, L&T Technology Services has shown a healthy long-term growth rate with an annual operating profit growth of 24.89%. The company also has a low Debt to Equity ratio, which is a positive sign for investors.
From a technical standpoint, the stock is currently in a bullish range and has shown improvement since 22-Feb-24, generating a return of 1.63% since then. Multiple factors such as MACD, KST, and OBV are also indicating a bullish trend for the stock.
Moreover, the majority shareholders of L&T Technology Services are promoters, which further instills confidence in the company's performance. The stock has also outperformed BSE 500 in the last 3 years, 1 year, and 3 months, making it a market-beating performer in both the long-term and near-term.
However, there are some risks associated with investing in L&T Technology Services. The company's results for Dec 23 may be flat, which could affect its stock performance. Additionally, with a ROE of 26.4, the stock is currently trading at a very expensive valuation with a 11.9 Price to Book Value. While the stock is currently trading at a fair value compared to its historical valuations, its profits have only risen by 14.9% in the past year, resulting in a PEG ratio of 3.
In conclusion, L&T Technology Services is a strong player in the IT software industry with a 'Buy' rating from MarketsMOJO. While there are some risks involved, the company's strong financial performance, healthy growth, and bullish technical trend make it a promising investment option for the long-term.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
{{text.big_txt}}
{{text .small_txt}}
{{dashverdictresult.dashboard.stock_details.short_name}}
SEND BY EMAIL
Register now to see if the stock’s characteristics match your investment style
Subscribe now to see if the stock's characteristics match your investment style
{{dashverdictresult.dashboard.risk_return_voltality.risk_type}}, {{dashverdictresult.dashboard.risk_return_voltality.return_type}}
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
Create your portfolio and know how much should this stock be in your portfolio
Subscribe now to know how much you should hold in this stock
We have found 2 better stocks that you can consider
{{dashverdictresult.dashboard.return_text}}
Investors Returns (3 years) –
| Period | 6M | 1Y | 2Y | 3Y |
| {{ keyd.val }} | ||||
| {{ keyd.val }} |
Quality: {{dashverdictresult.dashboard.dotsummary.q_txt}}
Valuation: {{dashverdictresult.dashboard.dotsummary.v_txt}}
Quarterly Financial Trend: {{dashverdictresult.dashboard.dotsummary.f_txt}}
Technicals: {{dashverdictresult.dashboard.dotsummary.tech_txt}}
Stock Info:
BSE – {{dashverdictresult.dashboard.stock_details.scripcode}}/ NSE – {{dashverdictresult.dashboard.stock_details.symbol}}
Market Cap – {{dashverdictresult.dashboard.priceinfo.mcap_class}} (Rs. {{dashverdictresult.dashboard.priceinfo.mcap| number :0}} cr)
Sector – {{dashverdictresult.dashboard.stock_details.ind_name}}
52 w H/L (Rs.) – {{dashverdictresult.dashboard.priceinfo.wk_high52}}/{{dashverdictresult.dashboard.priceinfo.wk_low52}}
Average vol (6M) – {{dashverdictresult.dashboard.priceinfo.vol}}
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
