12/17/2022 0 Comments L&T Technology Services Share PriceDuring the last trading session, L&T Technology Services share price shed as much as 8.13% in intraday trade. This company is an engineering services provider based out of Vadodara, Gujarat. It is a subsidiary of Larsen & Toubro and is listed on the National Stock Exchange and Bombay Stock Exchange.
l&t technology services shares shed as much as 8.13% in intraday trade on Wednesday Despite an illustrious history as an IT bellwether, L&T Technology Services has managed to underperform the Nifty IT Index by a substantial amount over the last six months. The company has not been able to come up with a consistent winning streak, even in the face of strong demand in the ER&D services space. However, a recent deal with a US oil and gas major has sparked hope that the Indian software services exporter is getting back on track. On the earnings front, the company reported a 3 per cent jump in net profit in the second quarter. For the fiscal year, the company is aiming to boost its Ebit by 10%. The company's revenue also grew by a healthy 5 per cent in the quarter. The company's Ebitda (earnings before interest, taxes, depreciation and amortization) is likely to outperform the industry average. The company also announced the launch of a new mobile application that uses artificial intelligence to identify and recommend content for users. The app is also expected to be one of the cheapest available in the market. In addition, the company has been able to secure two large deals - one in the oil & gas space and another in the electric autonomous vehicle segment. The deals, coupled with a recent contract to deliver high-end video solutions for a Fortune 100 financial services company, should help the company in its quest to become the go-to provider for digital transformation solutions. l&t technology services's revenue growth guidance LTTS is a leading engineering services company in India that offers engineering solutions to OEMs in the aerospace, transportation, process and industrial products sectors. Its revenue increased by 24 percent in the September 2021 quarter to Rs 1,607.7 crore. The company's consolidated net profit rose to Rs 274.2 crore. It is expected that LTTS' sales will increase by three to six percent in Q2 compared to the previous quarter. The company has a strong pipeline and good demand visibility for the coming financial year. The company will also have to contend with rising attrition, though it will stabilise in the next few quarters. The consolidated operating margin is expected to improve, courtesy a weak rupee. The company will also benefit from better pricing power and offshore billing. L&T Technology Services' revenue growth guidance for FY23 has been retained at 15.5 to 16.5 percent constant currency (CC) revenue growth. This implies 1.1 percent quarterly growth in the second and third quarters. The company expects its top thirty clients to continue to show healthy growth. It has a pipeline of double bookings in the current fiscal year. In the last quarter, LTTS won deals worth USD 60 million and $10 million in the transportation and product engineering sectors. It also won deals in the rail and Jaunt Air Mobility segments. The company's consolidated net profit jumped to Rs 274.2 crore in the quarter, which was a 4.7 per cent increase compared to the previous quarter. Its top 20 clients accounted for over half of its revenues. l&t technology services's PE ratio Investing in a stock requires a bit of research and a fair amount of common sense. One of the best ways to identify a solid investment opportunity is by taking a look at the company's financial statements. These can be a little overwhelming, so it's important to have a high-level idea of what the company does and what it doesn't. For example, do you know what L&T Technology Services does in terms of the aerospace industry? The answer to this question is, in part, that the company operates through five separate segments. Its mainstay is the aerospace sector, where it provides engineering solutions to the likes of Boeing and Airbus. In addition, the company offers engineering services to the transportation and OEM sectors. The best way to go about this is by comparing the company's financials to those of its peers, especially in the same sector. While the comparison might seem less than perfect, the results will reveal that L&T Technology Services is no slouch. The company boasts a number of enviable strengths, including its ability to provide customers with a breadth of engineering services, an unrivaled number of high-quality technical and management experts and an in-house, dedicated research and development center. Short-term and long-term moving averages LT Technology Services Limited offers engineering services to OEMs in the aerospace, transportation, process, manufacturing and telecom industries. Its products and services include product design, embedded system design, process support, and asset information management. Its clients include 50 leading fortune 500 companies. In the second quarter, LTTS grew 4.3% sequential revenue growth. However, the company reported a seasonal weakness in its Medtech division. The industrial products division also reported a weak sales performance. L T stock is currently trading below an important moving average line. It could rebound soon. If this trend continues, the stock may go even lower. Moving averages can be used to identify support and resistance levels. Short-term moving averages are useful for gauging the direction of the market, while long-term moving averages give a larger perspective. The 20 Day Moving Average is above the 50 Day Moving Average. When the two cross, it is a sign that the trend is bullish. A short-term signal is also provided by a 10-day moving average. The longer-term 200-day moving average can act as a firm underpinning for support. Some long-term investors will exit a stock when it falls below the 200-day moving average. Moving averages can help you find stock winners. Companies with strong fundamentals can be resilient in a down market. They can also help you find stocks that are bucking a downtrend. The Relative Strength Index is another momentum indicator that shows stock strength compared to the past. Stop loss Investing in the stock market requires careful analysis of financial data. Using the correct financial ratios can help make sense of an otherwise overwhelming amount of information. A stop loss order is one such financial tool that can be useful to investors. The order will be set at a specific percentage below the current market price and will execute only when the price reaches that level. It may be difficult to make the exact trade, but you can take a small risk by placing a stop loss order. This means you will be paid a regular commission if the share price hits the stop level. Depending on the broker, you may be able to use a stop loss order on securities that don't accept orders. L&T Technology Services is an engineering company that is known for its R&D innovations. It is also one of the top companies for ER&D spending in the world. It has innovated the World's First Autonomous Welding Robot and Solar 'Connectivity' Drone. It has also been a partner in Azure-led Industry solutions. L&T Technology shares are currently trading around Rs 4,275 per share on the NSE. It is worth noting that it is trading below important short term moving averages. You should watch out for the L&T Technology share price trend to see if it will continue to move upwards or downwards. It is also a good idea to use the Exponential Moving Average Indicator to find the L&T Technology share price target. This is a very accurate predictor of future stock prices. Target price LTTS is a subsidiary of Larsen & Toubro Limited, an Indian conglomerate with operations in over 30 countries. The company offers engineering solutions for OEMs in the transportation and aerospace industries. They boast of a well-diversified portfolio comprising research services, design and engineering, embedded system design, and technology and software solutions. The company also has a strong pipeline. The Q2FY23 quarter saw a 3 per cent increase in net profit and a 6.5 per cent jump in rupee revenue. The top-line numbers were also impressive, although the company missed estimates by a whisker. They also declared an interim dividend of Rs 15 per equity share. L&T Technology Services sucks in more than 40,527 contractual employees and has 31 international offices. They also have 913 patents and an array of innovation centers across the globe. They have a total of 50 locations in India. In terms of financial performance, the company's gross profit margin slipped to a measly 3.3 per cent in the second quarter from 4.4 per cent in the same period last year. L&T Technology Services's tepid earnings report saw the company's share price decline 3 per cent in early trade on Wednesday. The stock has seen a negative return of around 15 per cent so far. Despite the dip, the company still managed to beat its own earnings and revenue estimates for the third quarter. The company's other achievements include a winning bid in the $60 million+ technology services category.
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