L&T Technology Services rises on collaborating with NVIDIA
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L&T Technology Services is currently trading at Rs. 4510.00, up by 56.25 points or 1.26% from its previous closing of Rs. 4453.75 on the BSE.
The scrip opened at Rs. 4453.75 and has touched a high and low of Rs. 4524.15 and Rs. 4453.70 respectively. So far 1881 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. 4524.15 and Rs. 4245.00 respectively. The current market cap of the company is Rs. 47087.71 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 NVIDIA to develop software-defined architectures for medical devices focused on endoscopy, which will enhance the image quality and scalability of products. This innovative solution comes as an answer to the industry-wide challenges of availability, cost, and dependencies linked to custom and proprietary hardware components. The architecture is a scalable platform that supports multiple applications, providing a real-time decision-making tool for the medical fraternity.
Developed from the ground up, the architecture boasts an image processing pipeline for noise reduction, edge and contrast enhancement, texture and color enhancement, and speckle correction. What sets it apart is its inclusion of AI/ML models developed for the detection, identification, and classification of polyps - abnormal growths often found during colonoscopies. The solution further impresses with its user-friendly interface and seamless integration of the image processing pipeline for visualization. It promises low-latency data transfer, superior image processing without performance bottlenecks, and scalability.
The collaboration leverages the NVIDIA Holoscan and NVIDIA IGX Orin platforms, featuring ultra-low latency in data transfer, superior image processing, and scalability to support multiple AI-enabled applications. This helps ensure enhanced visualization for image processing and AI-based decision making support, such as for polyp detection and classification.
L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.
