Stock Alert! Midcap Tech Takeover, Why L&T Technology Services is a street favourite after Q1

Move over Infosys & TCS, the tech headlines belong to the midcaps with L&T Technology Services taking the mantle just a day after Mindtree. With a stellar Q1 earnings brokerages are betting big on the tech arm of L&T. Here is what you need to know-:

• L&T Technology Services reported 4.2% QoQ revenue growth beating street estimates 
• Dollar revenue growth guidance was also raised to 15-17% (13-15% earlier)
• CLSA: Maintain Outperform rating citing strong margin defence, healthy deal activity, improved outlook
  
  

Read/Watch Also: Infosys raises guidance