L&T Technology Services moves up on winning $50 million Hi-Tech deal
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L&T Technology Services is currently trading at Rs. 4103.50, up by 39.95 points or 0.98% from its previous closing of Rs. 4063.55 on the BSE.
The scrip opened at Rs. 4042.00 and has touched a high and low of Rs. 4126.40 and Rs. 4030.85 respectively. So far 11501 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. 3135.35 on 19-Jul-2022.
Last one week high and low of the scrip stood at Rs. 4165.00 and Rs. 3822.25 respectively. The current market cap of the company is Rs. 43444.25 crore.
The promoters holding in the company stood at 73.80%, while Institutions and Non-Institutions held 15.68% and 10.51% respectively.
L&T Technology Services (LTTS) has secured a $50 million contract with a global technology company, to enable new opportunities for digital media platforms. The latest agreement carries a 5-year tenure and is tailored to significantly enhance the flagship suite of products including the customer’s cloud native portfolio and drive new levels of automation and optimization for customer experience functions.
LTTS will also be streamlining the workflow processes and reduce the product development cycle. A key tenet of this collaboration is to leverage LTTS’ cutting-edge innovations in machine learning and artificial intelligence while enabling collaboration on a range of new next-generation experiences.
L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.
