L&t Tech
L&T Tech up 5% on securing $80 mn digital engineering transformation deal
The uptick in the L&T Tech share price came after the company announced that it has been awarded a multi-year $80 million deal with a US-based manufacturer of industrial products and solutions
 "L&T Tech up 5% on securing $80 mn digital engineering transformation deal")
Rs 35,000 crore Saudi Aramco order biggest ever, say L&T executives
Firm clarifies it is part of existing order book, not new
 "Rs 35,000 crore Saudi Aramco order biggest ever, say L&T executives")
L&T Tech PAT grows 5.1%, FY24 revenue guidance slashed to 17.5-18.5%
The company has slashed its full-year FY24 revenue guidance to 17.5-18.5 per cent year-on-year growth in constant currency (CC) terms
 "L&T Tech PAT grows 5.1%, FY24 revenue guidance slashed to 17.5-18.5%")
L&T aims to grow IT & Tech services revenue to high teens by 2026
The group will also be entering new-age businesses that it has incubated, such as L&T EduTech and L&T SuFin, a B2B e-commerce platform for industrial and construction products
 "L&T aims to grow IT & Tech services revenue to high teens by 2026")
L&T Tech Services Q1FY23 net up 27% YoY to Rs 274 cr amid surge in deals
Margins were better managed despite a higher attrition of 23.2% in Q1, up from 20.4% in Q4FY22
 "L&T Tech Services Q1FY23 net up 27% YoY to Rs 274 cr amid surge in deals")
TCS, Wipro, HCL Tech, L&T Tech: JP Morgan downgrades Indian IT sector
The brokerage firm has downgraded the Indian information technology sector to 'underweight' as it believes the heydays of the sector are over
 "TCS, Wipro, HCL Tech, L&T Tech: JP Morgan downgrades Indian IT sector")
Valuations may cap upsides for L&T Tech stock, no major triggers seen in Q3
While outlook remains strong, Q3 revenue growth was lower than Street estimates
 "Valuations may cap upsides for L&T Tech stock, no major triggers seen in Q3")
IT shares in focus; KPIT, L&T Technology, Mindtree hit record highs
The $1.9 trillion Covid relief bill stimulus, if passed, will boost the US economy and will, in turn, positively impact the IT industry, ICICI Securities said in a note
 "IT shares in focus; KPIT, L&T Technology, Mindtree hit record highs")
Nifty outlook & stock picks by Vinay Rajani: Buy L&T Tech, Gujarat Gas
L&T Tech's stock price has broken out from the long-term consolidation, which it held for the last two months
 "Nifty outlook & stock picks by Vinay Rajani: Buy L&T Tech, Gujarat Gas")
Autos, RIL set-off losses in banks; Sensex dips 20 pts, Nifty holds 15,100
The broader markets, however, bucked the trend and ended higher today. The S&P BSE MidCap and SmallCap indices added 0.7 per cent and 0.4 per cent, respectively at close
 "Autos, RIL set-off losses in banks; Sensex dips 20 pts, Nifty holds 15,100")
L&T Tech to acquire 100% stake in Graphene Semiconductor for Rs 930 mn
Graphene is one of the fastest growing companies in Semiconductor Services with a presence in India, Singapore, Taiwan, and Malaysia; FY18 turnover was Rs 663 mn
 "L&T Tech to acquire 100% stake in Graphene Semiconductor for Rs 930 mn")
To attract talent, L&T Tech hikes fresher salary 25% to about Rs 400,000
Industry pays Rs 300,000-325,000 a year to newcomers, with supply of talent exceeding demand
 "To attract talent, L&T Tech hikes fresher salary 25% to about Rs 400,000")
L&T Tech builds IoT platform for machines
The company will also install sensors in machines that do not have them to capture more data
 "L&T Tech builds IoT platform for machines")
