Prabhudas Lilladher Recommends 'Hold' on LTTS; Sets Target at Rs 4070

• Prabhudas Lilladher maintains a 'Hold' rating on Larsen and Toubro Technology Services (LTTS).
• The target price for LTTS shares is set at Rs 4070.
• LTTS's Q3 revenue performance was below estimates, partly due to recalibration of low-margin business units.
• The company has initiated a 5-year strategy, "Lakshya," to focus on high-growth areas and quality revenues.
• Despite strategic moves, achieving a ~16% margin remains a key goal, with revised EPS estimates for FY27E/FY28E.

Why It Matters: Prabhudas Lilladher advises 'Hold' on LTTS with a Rs 4070 target, citing strategic recalibration and future growth plans.