L&T Technology Services rises on inking pact with Palo Alto Networks
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L&T Technology Services is currently trading at Rs. 3889.30, up by 43.75 points or 1.14% from its previous closing of Rs. 3845.55 on the BSE.
The scrip opened at Rs. 3888.00 and has touched a high and low of Rs. 3906.70 and Rs. 3860.05 respectively. So far 1368 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. 3985.00 and Rs. 3756.80 respectively. The current market cap of the company is Rs. 40635.07 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 partnered with Palo Alto Networks, the global cybersecurity leader, to provide enterprises in diverse verticals with security services and solutions in 5G and Operations Technology (OT) areas. Under the agreement, LTTS will become a Palo Alto Networks Managed Security Services Partner (MSSP), delivering a suite of security services to end customers in industrial verticals. LTTS’ security solutions encompass 5G, OT and IT/OT Converged SOC services. By joining forces with Palo Alto Networks, LTTS will enable end customers to address security risks in their OT environments, providing best-in-class security.
The new MSSP agreement will provide a managed service offering for Palo Alto Networks Zero Trust OT Security solution, allowing customers to outsource the day-to-day management of their OT security to LTTS. Palo Alto Networks Zero Trust OT Security is built to provide comprehensive visibility and security powered by AI/ML for OT assets and networks, 5G connected assets, and remote operations. The partnership between LTTS and Palo Alto Networks also aims to provide comprehensive 5G-Native Security solutions that utilize AI and ML technologies to combat advanced cyber threats in the operational technology (OT) environment. This collaboration offers scalable and real-time security measures for 5G networks, providing customers enhanced visibility and control over their network slices, private networks, and multi-access edge computing.
L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.
