scorecardresearchL&T Technology Services: Kotak Securities downgrades to a sell; here's what the brokerage says

L&T Technology Services: Kotak Securities downgrades to a sell; here's what the brokerage says

Updated: 14 Sep 2022, 12:18 PM IST
TL;DR.
  • L&T Technology Services: Kotak said the impact of slowdown is visible in a few segments. LTTS derives 20% of revenues from telecom and hi-tech and 11.5% from medical devices.
Kotak said that clients in general are reluctant on projects with longer payback periods and riskier bets.

Kotak said that clients in general are reluctant on projects with longer payback periods and riskier bets.