Bearish on LTM, downgrading to 'Sell' from 'Reduce' due to a sharp rally in stock prices from recent lows. The price target has been marginally raised to ₹4,150 from ₹3,900. LTM's growth rate has fallen short of expectations, and execution strength has been insufficient to overcome industry headwinds and client-specific issues.
LTMBearishCalled 21 Aug 2026
Verdict:PENDING

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Tracking LTM since this call

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