L&T Tech shares climb 6% post Q4 results. What should investors do?

L&T Technology Services saw its shares rise nearly 6% following its report of a 22% rise in net profit at INR 1,170 crore for Q1 2023. Its revenue from operations also experienced a growth of 22% YoY. The company reported a 16% growth in constant currency (cc) terms, with EBIT margins at 18.5%. HDFC Securities maintained its Add rating on L&T Technology with a target price of INR 3,585 while YES Securities maintained its reduce rating with a target price of INR 3,678. Choice Broking downgraded its rating on the stock to Add with a target price of INR 3,738.