Page 8 - Lt Technology News Today

Indian shares opened on a flat note Monday, tracking muted cues from global markets. The benchmark S&P BSE Sensex was down 20 points at 66,040 while the broader NSE Nifty index was up 4 points at 19,568.

BENGALURU (Reuters) - Indian design and technology services firm Tata Elxsi on Monday posted its smallest rise in profit in 15 quarters.

JPMorgan has a target of Rs 4,100 for Persistent Systems, Rs 4,600 for Tata Elxsi, Rs 2,900 for L&T Technology and Rs 540 for KPIT Technologies.

The Nifty IT index was trading 0.23 per cent up at 29798.05.

This is the highest purchase by fund managers in a single quarter, based on the average price of shares traded during the period.

L&T Technology Services reported a net profit of ₹309.6 crore, up 18 per cent YoY, in the fourth quarter of the fiscal year 2023. The revenue of also saw an increase of 19 per cent and reached to ₹2096.2 crore during the quarter.

Stock market investors will keenly wait for the quarterly earnings of companies like Maruti Suzuki, Bajaj Finance, HDFC Life, IIFL Finance, L&T Technology, SBI Life Insurance, Voltas, etc, on Wednesday

L&T Technology Share Price: Find the latest news on L&T Technology Stock Price. Get all the information on L&T Technology with historic price charts for NSE / BSE. Experts & Broker view also get the L&T Technology Ltd. buy/sell tips detailed news, announcements, Forecasts, Analysts, Valuation, Earning forecasts, Estimates, Recommendations, Analysts Ratings, financial report, company information, annual report, balance sheet, profit & loss account, results and more.

For the fiscal year 2023, the company saw a growth of around 22% in both net profit and revenue

Revenue in dollar terms increased by 2.9 percent QoQ to $255.1 million and the same in constant currency grew 2.2 percent, which came in a tad above CNBC-TV18 poll estimates that pegged them at 1.8 percent and 2.4 percent growth, respectively.