LTTS gains on expanding collaboration with Thales to provide innovative business models to customers
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L&T Technology Services is currently trading at Rs. 5480.40, up by 58.85 points or 1.09% from its previous closing of Rs. 5421.55 on the BSE.
The scrip opened at Rs. 5469.75 and has touched a high and low of Rs. 5511.00 and Rs. 5448.15 respectively. So far 1432 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5884.95 on 08-Apr-2024 and a 52 week low of Rs. 4107.20 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 5511.00 and Rs. 4970.10 respectively. The current market cap of the company is Rs. 58225.46 crore.
The promoters holding in the company stood at 73.69%, while Institutions and Non-Institutions held 17.53% and 8.77 % respectively.
L&T Technology Services (LTTS) and Thales have expanded a collaboration to provide innovative business models to customers. This partnership will bring Thales’ software monetization platform, Thales Sentinel, to LTTS’ customer base, especially in the High-tech, Sustainability and Mobility segments.
With over two decades of experience in deploying intelligent digital solutions, LTTS leads in optimizing enterprise operations and pioneering platforms in AI, Mobility, Sustainability, and Hi-Tech. LTTS’ advanced AI offerings in next-gen mobility and smart networks are pivotal in building robust digital infrastructures, enhancing safety, efficiency, and sustainability. Now with the Thales Sentinel software licensing and entitlement platform, LTTS will enable its customers to monetize its software solutions by harnessing recurring revenue business models including agile subscriptions and flexible usage-based pricing models.
L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.
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