Axis Capital raises PT on India's LTM, retains 'buy'

LTM

31/08/2026 09:48

** Axis Capital raises its price target on software services firm LTM Ltd LTIM.NS to 5,580 rupees from 4,650 rupees, retains 'buy' rating
** Brokerage says near-term revenue growth is likely to benefit from cross-selling opportunities within Randstad Digital customer base, while broader adoption of AI across industries will be key structural growth driver 
** Axis Capital says LTM thinks the Randstad Digital acquisition is a good strategic fit, as it helps diversify both the client base and geographical exposure
** Stock rated "hold" on average by 38 analysts; median PT at 4,460 rupees - LSEG compiled data
** LTIM down ~25% YTD

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))