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L&T Tech Services Stock Surges Post Q3 – Check What Brokerages Recommend | Stock Market News

L&T Tech Services Stock Surges Post Q3 – Check What Brokerages Recommend | Stock Market News

Wed, Jan 17, 2024

L&T Technology Services shares jumped 3.5% in early trade after reporting positive Q3 results and upbeat management commentary. The company posted a 14.4% on-quarter rise in net profit and maintained its FY24 growth guidance, citing strong deal flow and a potential Q4 surge.

L&T, ABB, Cummins: Jefferies positive on industrial stocks; expects firms' operating leverage to be better than expected

L&T, ABB, Cummins: Jefferies positive on industrial stocks; expects firms' operating leverage to be better than expected

Wed, Jan 03, 2024

According to Zee Business Research, Larsen and Toubro (L&T) has recorded the highest-ever order inflow in the history of the company.

L&T signs pact with IIT Indore for research in renewable energy management

L&T signs pact with IIT Indore for research in renewable energy management

Sat, Oct 21, 2023

Engineering and construction conglomerate Larsen & Toubro (L&T) on Saturday said it has inked a pact with IIT Indore to undertake joint research and development projects in various areas like renewable energy management and control software.

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Mindtree share price: Stock market experts slap 'sell on rise' tag on L&T owned IT company

Mindtree share price: Stock market experts slap 'sell on rise' tag on L&T owned IT company

Thu, Jul 18, 2019

Mindtree share price has crashed because there is no clarity from L&T after taking over the IT company, say experts after slapping a 'sell on rise' tag.

Budget 2019: Infra stocks to remain in focus - Here's what you should know

Budget 2019: Infra stocks to remain in focus - Here's what you should know

Fri, Jul 05, 2019

ICICI Bank analyst in a note said, " We expect the Government to continue its infrastructure creation effort by way of roads, railways, ports, inland waterways etc."

Larsen & Toubro gains control with over 51% stake IT firm Mindtree

Larsen & Toubro gains control with over 51% stake IT firm Mindtree

Wed, Jun 26, 2019

Larsen and Toubro Ltd (L&T) has acquired majority stake, 51 per cent, in Mindtree Ltd on Wednesday. One of the largest engineering and construction companies in India, L&T has gained control of the Bengaluru-based information technology services (IT) firm Mindtree after weeks of tussle with the current management.

This is what Larsen and Toubro set to get at Mindtree: Points in brief

This is what Larsen and Toubro set to get at Mindtree: Points in brief

Thu, Jun 20, 2019

The row between construction major Larsen and Toubro (L&T) and IT major Mindtree is no longer hitting the headlines on a daily basis, but there is hectic activity on behind the scenes.

L&T Construction bags large orders across various business segments

L&T Construction bags large orders across various business segments

Mon, Jun 10, 2019

Another engineering, procurement and construction (EPC) order was bagged from the Rajkot Smart City Ltd for design and construction of roads, drains, culverts, bridges, water supply, sewerage, street lighting and utility duct in the smart city area in Rajkot, Gujarat.

ICC ODI World Cup 2019: Ahead of India vs South Africa, here's a look at two stocks that are opening batsmen of D-Street

ICC ODI World Cup 2019: Ahead of India vs South Africa, here's a look at two stocks that are opening batsmen of D-Street

Wed, Jun 05, 2019

In chronological order, for any cricket match, it would be opening batsman that sets the pace for other players for the entire match.

Will continue donating personal wealth for charity: L&T chief AM Naik

Will continue donating personal wealth for charity: L&T chief AM Naik

Mon, May 20, 2019

Larsen & Toubro patriarch A M Naik plans to continue donating his personal wealth for charity driven by the resolve to 'give back to society' in memory of his two-year-old grand daughter who surrendered to cancer more than a decade ago.

L&T's Q4 consolidated net profit up 13.5%

Fri, May 10, 2019

Industrial conglomerate Larsen & Toubro (L&T) on Friday reported a 13.51 per cent rise in its consolidated net profit for the January-March period of financial year 2018-19.

We are open for new Asset that is in line with our Business and Strategy: Dinanath Dubhashi, L&T Finance

We are open for new Asset that is in line with our Business and Strategy: Dinanath Dubhashi, L&T Finance

Thu, May 02, 2019

We have achieved top quartile ROE in this quarter, said Dinanath Dubhashi, Managing Director & CEO, L&T Finance Holdings Ltd. During a chat with Swati Khandelwal, Dubhashi said that we will use digital technology to reach places.

UAE's largest sewage treatment plant built by L&T inaugurated

Thu, Apr 25, 2019

Larsen and Toubro (L&T) Thursday said the UAE's biggest sewage treatment plant, Jebel Ali STP, built by the company has been inaugurated.

Mindtree promoter resists, L&T stays firm for takeover: Here’s where stocks are headed

Mindtree promoter resists, L&T stays firm for takeover: Here’s where stocks are headed

Tue, Mar 26, 2019

Together they translate an acquisition of 66.3% stake by L&T in Mindtree. Overall, the cost of acquisition for L&T is seen to be at Rs 10,733 crore.

'Offered huge bags of money': Mindtree founder reveals in emotion-filled letter to employees

'Offered huge bags of money': Mindtree founder reveals in emotion-filled letter to employees

Fri, Mar 22, 2019

Refusing to accept L&T takeover of Mindtree as hostile, L&T Managing Director and Chief Executive Officer S.N. Subrahmanyan earlier said it was an "act of love and with all the heart".

As Larsen & Toubro targets Mindtree, should you buy into the tech firm? Find out

As Larsen & Toubro targets Mindtree, should you buy into the tech firm? Find out

Fri, Mar 22, 2019

Three routes are being followed by Larsen & Toubro to take over Mindtree - first by acquiring CCD-founder VG Siddhartha's entire holding and pursue the other two with a stake purchase plan.

Mindtree takeover not hostile, but an act of love: Larsen & Toubro

Mindtree takeover not hostile, but an act of love: Larsen & Toubro

Tue, Mar 19, 2019

L&T bought 20.4 per cent stake in Mindtree from Cafe Coffee Day founder V.G. Siddartha for about Rs 3,300 crore and expressed its intent to buy additional stake in the Bengaluru-based midcap company through an open offer.

Mindtree and a sweet spot for Larsen & Toubro - CCD-founder VG Siddhartha under spotlight

Mindtree and a sweet spot for Larsen & Toubro - CCD-founder VG Siddhartha under spotlight

Tue, Mar 19, 2019

Acquiring CCD-founder’s VG Siddhartha entire stake and further open offer, can mean Mindtree merger with L&T Infotech - a sweet spot for parent Larsen & Toubro.

L&T buys V G Siddhartha's 20.4 pct stake in Mindtree

L&T buys V G Siddhartha's 20.4 pct stake in Mindtree

Tue, Mar 19, 2019

Diversified conglomerate Larsen & Toubro (L&T) on Monday took its first step to acquire Mindtree by buying V.G. Siddhartha`s 20.4 per cent stake in the the mid-tier IT services company for approximately Rs 3,300 crore.

Larsen & Toubro makes Rs 10,800 cr takeover bid of Mindtree

Larsen & Toubro makes Rs 10,800 cr takeover bid of Mindtree

Mon, Mar 18, 2019

L&T's announcement came even as some Mindtree board members wrote to L&T saying that most of the employees and institutionalised investors are not ready to be the part of the entity that would be controlled by the infrastructure major because of cultural differences.

L&T Construction bags large contracts from multiple clients in domestic market

L&T Construction bags large contracts from multiple clients in domestic market

Thu, Mar 07, 2019

The project consists of hotel building, office complex, international conference and business centre as well as multi-level car parking spaces. The project has to be completed in 22.5 months.

L&T says audit panel to seek external expert's help on alleged Cognizant bribery case

L&T says audit panel to seek external expert's help on alleged Cognizant bribery case

Fri, Mar 01, 2019

Last month, Cognizant Technology Solutions Corp (CTS) had said it would pay USD 25 million to the US Security and Exchange Commission (SEC) to settle its India bribery charges.

L&T Q3 net soars 37% on strong execution of project businesses

L&T Q3 net soars 37% on strong execution of project businesses

Fri, Jan 25, 2019

International revenue during the quarter stood at Rs 11,476 crore constituted 32 per cent of the total revenue, lower than 35 per cent in the previous year. During the quarter, L&T secured fresh orders worth Rs 42,233 crore as against Rs 48,130 crore in the corresponding period a year-ago.

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