L&T Technology is trending for its high returns in last year

L&T Technology is trending for its high returns in last year

by 5paisa Research Team Last Updated: Nov 19, 2021 - 12:17 pm 45.8k Views
Listen icon

The company has won deals with NVIDIA and Mavenir

This technology arm of L&T Limited has been trending for its bullish trend barring only the previous trading session. The stock is up by 9% in the last five trading sessions. This buzzing stock has been a multibagger in just the last six months. The stock was trading at Rs 2,642 on May 18 from where the stock has rallied to Rs 5,676.5 as of November 18, generating a huge return of over 114%. When considering returns for the year-to-date, the stock has appreciated by 235%.

In short, you would have had a multibagger in your bag had you purchased this stock one year ago or even six months ago. 

The stock was buzzing since it was chosen by NVIDIA and Mavenir as engineering partners to accelerate the adoption of the industry's first converged AI-on-5G platform. Artificial Intelligence has been revolutionizing industries through advanced technology and automation. Combining it with 5G takes technology processes to the next level. The management said, “selecting L&T Technology Services as an engineering partner will enable the technology to reach organizations on a global level and unleash the endless possibilities provided by 5G.”

As far as the financial health of the company is considered, the recently disclosed quarterly financial results witnessed decent growth. The net sales for the quarter ended September stood at Rs 1608 crore which grew by 5.88% sequentially and 22.4% on a YoY basis (same quarter last year). The profitability too improved by almost 39% on a YoY basis to reach Rs 230.8 crore, up by 6.36% when compared to the previous quarter.

L&T Technology Services Ltd is primarily engaged in engineering and R&D services. The company offers consultancy, design, development and testing services across the product and process development life cycle. The stock has a 52-week high of Rs 5819.2 which was created in the recent bull rally and has a 52-week low of Rs 1645.00.

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Trust Fintech IPO Subscribed 108.63 times

Trust Fintech IPO is book-built issue of ₹63.45 crores, consisting entirely of fresh issue shares totalling 62.82 lakh. Trust Fintech IPO commenced its subscription period on March 26, 2024, & concludes today, March 28, 2024.

Aspire & Innovative IPO Subscribed 15.17 times

Aspire & Innovative IPO is a book built issue of Rs 21.97 crores. The issue comprises entirely a fresh issue of 40.68 lakh shares. Aspire & Innovative IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment for the Aspire & Innovative IPO is expected to be finalized on Monday, April 1, 2024.

Blue Pebble IPO Subscribed 56.32 times

Blue Pebble IPO, valued at ₹18.14 crores, comprises fresh issue of 10.8 lakh shares. Commencing subscription on March 26, 2024, Blue Pebble IPO is set to conclude on March 28, 2024. Allotment process is scheduled to be finalized by Monday, April 1, 2024. Following this, IPO is slated to debut on NSE SME, with tentative listing date of Wednesday, April 3, 2024.