L&T Technology Services: Kotak Securities downgrades to a sell; here's what the brokerage says
Updated: 14 Sep 2022, 12:18 PM IST
- 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.