Stay updated with breaking news from Lt Technology Services. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
L&T’s engineering services arm LTTS on Tuesday reported a 13.3 per cent growth in December quarter net profit at Rs 336.2 crore. L&T Technology Services (LTTS) had reported a post tax profit of Rs 296.8 crore in the year-ago period and Rs 315.4 crore in the preceding September quarter. Its overall
A short build-up was seen in 62 stocks including L&T Technology Services, Hindustan Aeronautics, Vodafone Idea, HDFC Asset Management Company, and Ashok Leyland.
The Q3FY24 numbers of several Indian IT firms were not as bad as analysts had feared, giving a boost to their stock prices and raising hopes that the worst may be behind for the IT sector.
The brokerage has increased its weight and remains ‘overweight’ on Banks, Cap Goods and Healthcare, and diversified financials (led by HDFC AMC). It is ‘equal weight’ on IT and ‘underweight’ on Auto, Metals, Cement, Consumer and Oil & Gas.
A long build-up was seen in 71 stocks, which included ONGC, Tata Communications, Granules India, IndiaMART InterMESH, and Wipro.