L&T Tech slips nearly 9.50% after poor fourth-quarter results and guidance
The tech firm's margins were down to 16.9 per cent in Q4 compared to 17.2 per cent Year-on-Year (YoY). Its revenues were up by 4.8 per cent while the profit was higher by 1.4 per cent. For FY25, constant currency revenue growth guidance is 8-10 per cent against Zee Business research estimate of 15 per cent.
Citi has maintained a 'sell' call on the tech firm, cutting the target to Rs 4,070 from Rs 4,375. Photo: File/Representational