LTTS - INVESTMENT IDEA - TARGET 1492LTTS - TARGET 1492
The management of the company expects a healthy deal pipeline and good traction in focus areas such as Edge computing, Smart Manufacturing, IoT, Electric & Autonomous vehicles. Moreover, the company will continue to benefit from the strong managerial and operational support from its parent and the overall strength of the L&T brand.
Thus, it is expected that the stock will see a price target of Rs.1492 in 8 to 10 months time frame on an expected P/E of 19x and FY21 (E)
earnings of Rs.78.52.
