L&T Tech shares in focus as Q1 net profit rises 13%; Nomura, Nuvama, other brokerages revise target prices

L&T Technology Services reported Q1 FY27 net profit rising 13 percent year-on-year, with revenue from operations up about 11.5 percent YoY at Rs 2,940.1 crore and constant currency revenue up around 2 percent YoY at $310 million. EBIT margin expanded 200 basis points to 15.7 percent, beating Nomura's estimate. Brokerages were mixed: Nomura raised its target to Rs 3,180 (Neutral), Nuvama cut its target to Rs 3,500 from Rs 4,000 (Hold), and Motilal Oswal kept a Rs 3,400 target (Neutral), reflecting cautious optimism on near-term growth recovery.