L&T Technology Services gains on collaborating with Google Cloud
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L&T Technology Services is currently trading at Rs. 4279.00, up by 18.20 points or 0.43% from its previous closing of Rs. 4260.80 on the BSE.
The scrip opened at Rs. 4271.05 and has touched a high and low of Rs. 4289.45 and Rs. 4258.00 respectively. So far 1163 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4859.75 on 11-Oct-2023 and a 52 week low of Rs. 3218.00 on 20-Jan-2023.
Last one week high and low of the scrip stood at Rs. 4289.45 and Rs. 4157.00 respectively. The current market cap of the company is Rs. 45150.28 crore.
The promoters holding in the company stood at 73.77%, while Institutions and Non-Institutions held 16.68% and 9.55% respectively.
L&T Technology Services (LTTS) has collaborated with Google Cloud to harness the power of its generative AI (gen AI) technology and tools for the development of its LTTS Developer Experience Platform, known as DevX. LTTS DevX is a groundbreaking platform for engineering services, serving as a comprehensive, unified destination for API-enabled solutions across major industries, from LTTS and its ecosystem partners.
The collaboration underscores LTTS’ commitment in achieving transformative AI-driven objectives in collaboration with Google Cloud. It will facilitate the creation of an expansive API catalogue and experience, redefining how customers interact with LTTS’ digital offerings. Both organizations will work in tandem to shape LTTS’ DevX framework, and seamlessly integrate Google Cloud's gen AI components into the overall architecture.
LTTS has multiple objectives for the alliance. Firstly, it aims to expand the mindshare among developers globally, positioning DevX as a go-to platform for engineering solutions. Secondly, it seeks to enhance consumption by streamlining the discovery and implementation of LTTS’ solutions and services for end-users, ultimately resulting in higher customer satisfaction. The collaboration also aims to deepen developer engagement with content by creating a ‘developer playground’ experience and extending it with API discovery and accelerators.
L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.
