BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
L&T Technology Services Ltd. is a leading pure-play engineering research and development services vendor which is known for its multi-domain expertise, and is a partner to top ER&D spender across multiple verticals.
L&T Tech is on track for a multi-year high-teens growth as ER&D spends is expected to witness multi-year double digit growth due to need of fast-paced (digital) innovation and increased reliance on outsourcing (currently only 11% is outsourced) with India well-placed as an ER&D outsourcing hub (talent availability).
We believe the company can reach its aspirational goal of $1.5 billion revenue in FY25, driven by its large deal win performance and existing client relationships with top spenders in key domains.
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