L and T Technology Services Ltd up by 19.08%: Market Update By Espresso


Espresso shot of the day – L and T Technology Services Ltd up by 19.08 percent

July 15, 2021
Espresso shot of the day – L and T Technology Services Ltd up by 19.08 percent

L & T TECHNOLOGY SERVICES LTD 3465.65 (+19.08%)  BSE – INE010V01017 | 15TH JULY 2021

L&T Technology Services Limited (LTTS) is a global leader in Engineering and R&D (ER&D) services. With 650 patents filed for 53 of the Global Top 100 ER&D spenders, LTTS lives and breathes Engineering. Its innovations speak for themselves – the world’s first Autonomous Welding Robot, Solar “Connectivity” Drone and the Smartest Campus in the World, to name a few. LTTS’ expertise in engineering design, product development, smart manufacturing and digitalization touches every area of human lives – from the moment one wakes up till the time one goes to bed. With 69 innovation and R&D design centers globally, LTTS specializes in disruptive technology spaces such as 5G, Artificial Intelligence, Collaborative Robots, Digital Factory and Autonomous Transport. LTTS is a publicly listed subsidiary of Larsen & Toubro Limited, the USD 21 billion Indian conglomerate operating in over 30 countries.

Recent Drivers

  • On July 14, 2021, the company allotted 1,500 equity shares of face value of Rs 2 each to those grantees who had exercised their vested stock options under the company’s Employee Stock Option Scheme, 2016.
  • On July 14, 2021, the company reported an 84% jump in its net profit to Rs 216.2 crores for the quarter ended June 30, 2021.
  • On July 14, 2021, the company reported its revenue from operations grew 17% to Rs 1,518 crores.
  • On June 29, 2021, the company announced a strategic partnership to deliver end-to-end 5G automation services with Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud.
  • On June 3, 2021, the company announced that it has achieved “Advanced Partner” status within PTC the Partner Network Program for demonstrating excellence in product lifecycle management (PLM). LTTS is the first Engineering and Technology company in the APAC region to receive this recognition.
  • On May 24, 2021, the company announced that it has signed a collaboration agreement with UK’s Coventry University to build and deliver new-generation Engineering solutions for the Automotive and Manufacturing sectors.
(Sources: CNBC TV 18, LTTS.com, BSEIndia)

Technical Force*

  • S&P BSE 200 month till date gain up by 1.38%
  • Traded on all-time-high value of 3492.25
  • 3 months avg. volume of NSE: 3,70,465
  • Quantity traded: 1,90,157 | Deliverable quantity: 28,293 (14.88%)
  • Stock price has jumped more than 160% from one-year-low level: 1,325.00 (July 17, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 3,492.25 | 52-week-low: 1,325.00

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Some Key Ratios (Source: BSE)

Market Cap: 36,409.01 crores

PE: 47.41

OPM%: 24.72

ROE%: 22.99

Promoters holding%: 74.23

Prev. Close: 2910.25

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.