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LTIMindtree faces increased vulnerability due to its focus on discretionary spending, but management is optimistic about future growth and continues to pivot towards non-discretionary spending
L&T has embraced artificial intelligence and other emerging technologies in its digital journey that broadly revolves around materials, machines, and people
Through the sale, L&T’s 51 percent and CPP Investments’ 49 percent stakes have been acquired by Epic Concesiones Private Limited which is an investee company of Edelweiss Infrastructure Yield Plus Strategy and is currently managed by Edelweiss Alternative Asset Advisors Limited (EAAA).
Kotak Institutional Equities maintains a sell rating on Larsen & Toubro Ltd, lowering the target price to Rs 3100 from Rs 3753 per share due to concerns over scaling down Saudi spending programs.
In Kandla, the DPA plans to develop a 7 million metric tonne per annum plant for green ammonia production and a 1.4 MMTPA plant for green hydrogen.