L&T Technology Services Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

L&T Technology Services Ltd gained for a third straight session today. The stock is quoting at Rs 5279.15, up 2.2% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.43% on the day, quoting at 23682.8. The Sensex is at 78137.76, up 1.27%. L&T Technology Services Ltd has slipped around 0.7% in last one month.

Meanwhile, Nifty IT index of which L&T Technology Services Ltd is a constituent, has slipped around 0.99% in last one month and is currently quoting at 41952.8, up 1.64% on the day. The volume in the stock stood at 54502 shares today, compared to the daily average of 1.14 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 5289.75, up 2.38% on the day. L&T Technology Services Ltd is up 16.56% in last one year as compared to a 19.6% jump in NIFTY and a 31.72% jump in the Nifty IT index.

The PE of the stock is 43.52 based on TTM earnings ending September 24.

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L&T Technology Services announced a strategic collaboration with the Colorado Smart Cities Alliance (CSCA). This partnership aims to drive innovation and technology integration in smart city development projects across the state of Colorado.

The collaboration will leverage LTTS' cutting-edge engineering expertise to advance CSCA's mission of fostering smart city solutions that improve urban living and create sustainable ecosystems. Through the collaboration of resources and expertise, both organizations aim to foster sustainable, efficient, and technologically advanced communities.

LTTS stands at the forefront of smart government projects, with extensive experience in USA, India and the Middle East. The company's comprehensive IoT offerings enhance city operations, providing security solutions, citywide surveillance, and border security systems. These initiatives optimize resource utilization and promote inter-departmental collaboration, driving operational efficiency.

The strategic alliance will focus on several key areas, including smart transportation, intelligent infrastructure, energy management, and data-driven city services. Through pilot projects and collaborative research, LTTS and CSCA will explore innovative solutions that tackle urban challenges and enhance the quality of life for residents

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L&T Technology Services has signed a definitive agreement to acquire Silicon Valley-based Intelliswift, to deepen its offerings across software product development, platform engineering, Digital Integration, Data and AI.

Intelliswift services 4 of the Top 5 Hyperscalers and caters to over 25 Fortune 500 companies including 5 of the top 10 ER&D spenders in Software and Technology. With this acquisition, LTTS will also be able to address adjacent markets of Retail and Fintech, along with the Private Equity channel.

The acquisition will enhance LTTS' AI and software capabilities in the Digital Engineering suite for global clients, through:

• Industry leading software product development, data & platform engineering capabilities
• Intelliswift's AI-led automation framework which provides end-to-end automation solutions across platforms and processes.
• Digital enterprise & Integration services through agile engineering and next generation technologies

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L&T Technology Services (LTTS) and its wholly owned subsidiary, L&T Technology Services LLC signed agreements to acquire 100% stake in (i) Intelliswift Software (India) by the Company; and (ii) Intelliswift Software Inc. by L&T Technology Services LLC, for an aggregate consideration of up to USD 110 million. The acquisition will enhance LTTS' AI and software capabilities in the Digital Engineering suite for global clients.

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