LTTS: Recent acquisition of SWC overhang dents investor sentiment

Near-term growth concerns, too, weighed on the stock

Ram Prasad Sahu
Last Updated at January 19, 2023 01:09 IST

The rationale for the acquisition was to enhance the LTTS’s capabilities in the 5G network architecture and conceptualisation

The stock of the country’s largest engineering research and development (ER&D) services player, L&T Technology Services (LTTS), has declined 15 per cent over the past month. In addition to growth concerns for the ER&D space, a key overhang for the stock was the recent acquisition of Smart World and Communication (SWC), a business unit of Larsen and Toubro (L&T).

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