L&T Technology Services jumps on inking letter of intent with Thales
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L&T Technology Services is currently trading at Rs. 3846.55, up by 34.25 points or 0.90% from its previous closing of Rs. 3812.30 on the BSE.
The scrip opened at Rs. 3821.05 and has touched a high and low of Rs. 3870.20 and Rs. 3808.95 respectively. So far 31565 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4316.75 on 02-Dec-2022 and a 52 week low of Rs. 2923.35 on 04-Jul-2022.
Last one week high and low of the scrip stood at Rs. 4031.95 and Rs. 3756.80 respectively. The current market cap of the company is Rs. 40544.73 crore.
The promoters holding in the company stood at 73.85%, while Institutions and Non-Institutions held 15.09% and 11.06% respectively.
L&T Technology Services (LTTS) has signed a letter of intent with Thales, a global technology leader in the areas of defence and security, aeronautics and space, and digital identity and security, agreeing to work together to tackle climate change in their respective value chains.
LTTS will be supporting Thales in offering end-customer services and solutions spanning smart traffic management solutions across air, sea, and road to optimize their operations and carbon footprint, as well as implementing eco-design in its product development process. Additionally, LTTS will help Thales to cut its digital carbon footprint.
L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.
