You are here: Home » Markets » News
Cyient zooms 9% on better-than-expected Q1 performance, positive outlook
Tata Steel, JSW Steel, SAIL: A few trading strategies for metal stocks
Business Standard

L&T Technology Services slips 8% on disappointing June quarter results

In Q1FY21 EBIT margins fell 310 bps QoQ to 12.1 per cent.

Topics
L&T Technology Services | Buzzing stocks | Markets Sensex Nifty

SI Reporter  |  Mumbai 



market, stock market, share market
The company said the operating margin in the quarter was impacted primarily due to a drop in utilisation.

Shares of (LTTS) slipped 8 per cent to Rs 1,325 in the intra-day trade on the BSE on Friday on profit booking after the company reported a disappointing set of June quarter (Q1FY21) numbers. In the past three weeks, the stock of L&T group company had rallied 14 per cent, as compared to a 4.7 per cent rise in the S&P BSE Sensex.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Fri, July 17 2020. 10:43 IST

RECOMMENDED FOR YOU

.