India's L&T Tech rises after upbeat FY25 rev outlook
** Shares of India's L&T Technology Services LTEH.NS up 2%
** Co expects FY25 revenue in the range of $1.26 bln-$1.28 bln vs analysts' avg estimate of $1.25 bln, as per LSEG data
** Nuvama Research raises TP to 5,200 rupees from 5,050 rupees and retains "hold"; says LTEH "high on aspirations"
** Brokerage Antique, says company's outlook is improving; hikes TP to 5,000 rupees from 4,750 rupees but maintains "hold"
** Antique and Nuvama both expect FY25 rev of $1.24 bln
** Avg rating of 23 analysts covering the stock is "sell" - LSEG data
** Stock trading at 5,537 rupees, ~24% higher than the median TP of 4,450 rupees
** Stock up 7% YTD, less than Infosys's INFY.NS 26% jump and TCS's TCS.NS ~20% gain
($1 = 83.9490 Indian rupees)
Reporting by Hritam Mukherjee in Bengaluru
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