Goldman Sachs downgrades India's LTM to 'sell' as IT sector headwinds persist, stock falls

LTM

01/10/2026 08:16

** Brokerage firm Goldman Sachs downgrades rating on information technology company LTM LTIM.NS to "sell" from "neutral"
** LTIM down 1.1%, while Nifty IT index .NIFTYIT up 1%
** Goldman Sachs says co could miss FY27 revenue guidance by at least 100 basis points, and also fall short of long-term revenue/margin guidance amid lack of visibility on near-term growth recovery for the sector
** Says there is mismatch between LTIM growth outlook and valuation
** Brokerage says LTIM's growth differential and premium valuation against peers narrowing
** Stock rated "hold" on average by 38 brokerage firms, median PT at 4,460 rupees, data compiled by LSEG
** YTD, LTM down 34.2%, vs Nifty IT index's 26.4% drop

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))