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

IT - Software, Small Cap

L&T Technology Services will hold a meeting of the Board of Directors of the Company on 15 January 2025.

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L&T Technology Services has announced an expansion of its collaboration with Siemens Digital Industries Software (DISW), a global leader in software for collaboration and digital transformation. Building on ten years of successful collaboration, LTTS and Siemens are poised to enhance their Centre of Excellence (CoE) charter which will see the incubation of new cutting-edge technologies, benefitting sectors like automotive, aerospace, electronics, energy, healthcare and industrial machinery.

Marking ten years of engineering excellence in sustainability and digital transformation, the expanded partnership will accelerate time-to-market and improve product quality for clients. By leveraging Siemens' digital technology platforms, LTTS will drive innovation through the creation of integrated digital twins for products, plants, and performance, helping clients enhance outcomes in both product and process quality.

With Siemens-certified engineers possessing deep industry expertise, LTTS provides comprehensive solutions across the Siemens software portfolio. Services include design with CAD (NX), simulation via Simcenter™ software (1D, FEA, CFD & Design Exploration), product lifecycle management through Siemens' Teamcenter® software for product lifecycle management (PLM), and digital twin development leveraging Tecnomatix® software. Additionally, real-time production efficiency is achieved through Siemens' Opcenter MES and Insights Hub IoT platforms. Customers further benefit from Teamcenter Quality Center, built on the robust Plan-Do-Check-Act framework. Using the Siemens low-code platform, Mendix, LTTS also creates innovative engineering and manufacturing applications, ensuring clients remain competitive and future-ready.

A major feature of the expanded alliance is the establishment of a Digital Manufacturing Academy, aimed at training engineers in Siemens' core technologies. This academy, operated in collaboration with the LTTS Global Engineering Academy (GEA) and leading universities, is designed to strengthen project execution and delivery capabilities. Over 500 additional professionals will be trained on Siemens technologies, reinforcing LTTS' commitment to equipping its workforce with advanced skills required for the future of digital transformation.

To further enrich collaboration, LTTS and Siemens will organize Client Workshops to ideate, showcase innovations, and demonstrate the tangible benefits of digital transformation to their customers. These “Techday” sessions will serve as platforms for knowledge sharing and closer engagement with clients.

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L&T Technology Services Ltd dropped for a fifth straight session today. The stock is quoting at Rs 5085.6, down 1.73% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 1.06% on the day, quoting at 23942.900390625. The Sensex is at 79220.66, down 1.2%.L&T Technology Services Ltd has lost around 1.55% in last one month.Meanwhile, Nifty IT index of which L&T Technology Services Ltd is a constituent, has increased around 7.15% in last one month and is currently quoting at 45526.85, down 1.26% on the day. The volume in the stock stood at 70582 shares today, compared to the daily average of 95164 shares in last one month.

The benchmark December futures contract for the stock is quoting at Rs 5110, down 1.56% on the day. L&T Technology Services Ltd jumped 0.75% in last one year as compared to a 13.2% rally in NIFTY and a 29.4% spurt in the Nifty IT index.

The PE of the stock is 43.61 based on TTM earnings ending September 24.

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L&T Technology Services has allotted 31,700 equity shares under ESOP on 15 December 2024.

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