BoFA Securities Initiates Outperform on LTM with Target Price of ₹3,910
BoFA Securities has assigned an Outperform rating on LTM with a target price of ₹3,910, citing the company's strong AI strategy positioning, balance-sheet discipline, and scalable moat-driven growth. The brokerage, however, cautions that near-term upside may be limited as the stock awaits the next significant growth catalysts.