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L&T Technology Services soars on inking pact with Kudelski Group

L&T Technology Services is currently trading at Rs. 1784.10, up by 40.20 points or 2.31% from its previous closing of Rs. 1743.90 on the BSE.

The scrip opened at Rs. 1748.00 and has touched a high and low of Rs. 1800.00 and Rs. 1747.20 respectively. So far 8819 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1852.50 on 03-Sep-2018 and a 52 week low of Rs. 1160.35 on 28-Jun-2018.

Last one week high and low of the scrip stood at Rs. 1800.00 and Rs. 1713.00 respectively. The current market cap of the company is Rs. 18610.49 crore.

The promoters holding in the company stood at 78.88%, while Institutions and Non-Institutions held 9.52% and 11.60% respectively.

L&T Technology Services (LTTS) has entered into partnership with the Kudelski Group, a leader in digital security, to enable connected cars and industrial systems with robust device identity and protect the device, data, decisions, commands and actions.

LTTS’ extensive engineering expertise combined with Kudelski’s more than three decades of market leadership in embedded security systems will help industrial equipment manufacturers and automotive OEMs create new features and business models while increasing their safety and efficiency.

Through this alliance, LTTS will leverage Kudelski’s security solutions and its IoT Center of Excellence to help manufacturers design, run and sustain effective IoT protection throughout the entire product lifecycle. Kudelski will leverage LTTS’ multi-domain proficiencies and its domain-specific expertise in areas like automotive and plant engineering and work to provide leading-edge secure solutions to joint customers.

LTTS is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.

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