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LTTS ACQUISITION
Mixed Q3 awaits Indian ER&D companies navigating auto sector headwindsIndian engineering service firms like Tata Elxsi, KPIT and LTTS are set for a mixed Q3 due to weak auto demand, though rising R&D in EVs an...
LTTS reports 2.8% year-on-year rise in net profitThe Mumbai-headquartered company’s revenue jumped 15.8% YoY to Rs 2,979.5 crore, up 4.0% quarter-on-quarter (QoQ), backed by growth in key ...
L&T Tech shares hit 10% upper circuit post Q3 results. What should investors do?LTTS Share Price: L&T Technology Services reported a 4% YoY drop in consolidated net profit for Q3FY24, while revenue rose 9%. The company ...
LTTS shares jump 4.5% following $110 million AI-focused acquisitionThe acquisition aims to strengthen LTTS's AI and software capabilities within its digital engineering suite for global clients, enhancing s...
LTTS acquires silicon valley based Intelliswift for $110 million; adds 1,500 headcountWhile declining to give details about the margin impact that the company might face though this acquisition, Amit Chadha, CEO and MD, LTTS,...
Stocks in news: Bajaj Auto, Cochin Shipyard, LTTS, Central Bank of India, Rallis IndiaThe government will sell up to 5% stake sale in the company via an offer for sale (OFS). The OFS will opened on Tuesday and the floor price...
Is it time to start buying IT stocks? Macquarie’s Ravi Menon explainsThe IT sector anticipates growth is being driven by AI and enterprise technology spending amid concerns over interest rates and consulting ...
Facing an unprecedented slowdown, IT companies are undergoing a shift. Here’s what’s changingIT companies like TCS, HCLTech, Wipro and Tech Mahindra are reorganising their businesses to wade through disruptions and prepare for Gen A...
How the Indian GCC boom is lighting up prospects of IT firmsWith India emerging as a hub for global capability centres (GCCs), IT services companies are cashing in, setting up projects, looking for p...
IT midcaps weather market storm to enter billion-dollar clubMany other mid-cap IT firms are also eyeing an entry into the billion-dollar club in the coming quarters while the above-mentioned four are...
L&T Tech falls nearly 6% as earnings estimates cut"While LTTS' deal wins have improved, complemented by better margin defence, risks of business cyclicality and weaker working capital cycle...
LTTS Q1: Net profit up 13%, revenue up 14.7%Sequentially, net profit was down 8.5% while revenue was down 2.9% after segments like consumer electronics and semiconductor engineering b...
India becomes destination for auto OEMs to secure their digital content needsIndian engineering services providers have been developing automotive talent both in house and in collaboration with the academia. With Ind...
L&T Tech shares fall 4% after December quarter results"L&T Technology posted a flat QoQ topline growth in constant currency in 3QFY23, missing our estimates of 2% QoQ growth. Despite weak growt...
L&T Tech shares tumble over 6%. Here's whyThe company has signed an agreement with parent Larsen & Toubro to acquire its Smart World & Communication business for Rs 800 crore
LTTS to acquire SWC business of parent firm for Rs 800 crSmart World & Communication (SWC) was founded in 2016 to cater to the demands in smart cities, address opportunities and provide smart solu...
L&T Tech Services to acquire Orchestra Tech for Rs 187 croreL&T Technology Services (LTTS) will acquire the stake in all cash deal of USD 25 million, or about Rs 187 crore, in two tranches of USD 11 ...
L&T Tech stock ends flat in lacklustre debutIt was the second company from the L&T stable to hit the market with an IPO since July, when L&T Infotech had launched its public offer.
L&T Technology lists at Rs 920, up 7% over issue priceThe Rs 900 crore IPO issue was subscribed 2.53 times. The IPO was sold in the price band of Rs 850-860 between September 12 and 15.
L&T Tech Services' IPO kicks off today; should you subscribe?The brokerage said while LTTS deserves better valuations than its peers, the near-perfect IPO pricing leaves limited room for listing gains.