L&T Tech rises on AI patents, Q1 margin strength, big deals
L&T Technology Services gained 2% after Q1 revenue rose 16.4% YoY to ₹2,866 crore. Net profit held at ₹316 crore with steady 13.3% EBIT margin. Analyst sees long-term play driven by $200 million deal wins, 206 AI patents, and global expansion. Support lies at ₹4,100-4,200; resistance at ₹4,790-5,250. LTTS targets $2 billion revenue with 17-18% margins by FY26 amid bullish investor sentiment.