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

Management raised FY22 $ revenue growth guidance to 15-17%, share of digital engineering is now 54% versus 52% earlier. 

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      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

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