L&T Technology surges 9% on strong earnings projections

Published On: Friday, September 3, 2021 | By: Team KnowMyStock

Shares of L&T Technology Services (LTTS) hit a new high of Rs 4,412.80, surging 9 percent on the BSE in the intra-day trade today(3rd Sept. 2021), after the management guided for $1.5 billion revenue and 18 percent earnings before interest tax (Ebit) margins by FY25 on the strong demand outlook. In the past three months, the stock has rallied 62 percent, as compared to an 11 percent rise in the S&P BSE Sensex. The revenue guidance includes acquisitions while Ebit margin guidance takes into consideration elevated travel costs, continued investment in tech and manpower, and acquisitions. The management has indicated that digitization is driving accelerated spends in engineering, research, and development (ER&D) and should benefit it due to strong capabilities, multi-vertical presence, and solid wallet share. LTTS is expected to deliver strong revenue growth over the coming years.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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