L&T Technology Services announced a strategic collaboration with the Colorado Smart Cities Alliance (CSCA). This partnership aims to drive innovation and technology integration in smart city development projects across the state of Colorado. The collaboration will leverage LTTS' cutting-edge engineering expertise to advance CSCA's mission of fostering smart city solutions that improve urban living and create sustainable ecosystems. Through the collaboration of resources and expertise, both organizations aim to foster sustainable, efficient, and technologically advanced communities. LTTS stands at the forefront of smart government projects, with extensive experience in USA, India and the Middle East. The company's comprehensive IoT offerings enhance city operations, providing security solutions, citywide surveillance, and border security systems. These initiatives optimize resource utilization and promote inter-departmental collaboration, driving operational efficiency. The strategic alliance will focus on several key areas, including smart transportation, intelligent infrastructure, energy management, and data-driven city services. Through pilot projects and collaborative research, LTTS and CSCA will explore innovative solutions that tackle urban challenges and enhance the quality of life for residentsPowered by Capital Market - Live

L&T Technology Services has signed a definitive agreement to acquire Silicon Valley-based Intelliswift, to deepen its offerings across software product development, platform engineering, Digital Integration, Data and AI. Intelliswift services 4 of the Top 5 Hyperscalers and caters to over 25 Fortune 500 companies including 5 of the top 10 ER&D spenders in Software and Technology. With this acquisition, LTTS will also be able to address adjacent markets of Retail and Fintech, along with the Private Equity channel. The acquisition will enhance LTTS' AI and software capabilities in the Digital Engineering suite for global clients, through: Industry leading software product development, data & platform engineering capabilities Intelliswift's AI-led automation framework which provides end-to-end automation solutions across platforms and processes. Digital enterprise & Integration services through agile engineering and next generation technologies Powered by Capital Market - Live

L and (ii) Intelliswift Software Inc. by L&T Technology Services LLC, for an aggregate consideration of up to USD 110 million. The acquisition will enhance LTTS' AI and software capabilities in the Digital Engineering suite for global clients. Powered by Capital Market - Live

L&T Technology Services announced the grand opening of its state-of-the-art LTTS Experience Zone at its design hub in Bengaluru benefitting customers in segments like Mobility and Tech. This AI-driven LTTS Experience Zone, leveraging the NVIDIA AI platform, is set to serve clients in the Mobility and Tech segments. The LTTS Experience Zone offers an immersive environment where visitors can engage with live demonstrations, interactive displays and expert consultations. It showcases the transformative power of NVIDIA AI, pushing the boundaries of AI-driven technologies to address complex challenges in critical sectors. In healthcare, LTTS' Software Defined Architectures, powered by NVIDIA Holoscan and NVIDIA IGX, are set to transform healthcare delivery with AI-based diagnostics, real-time data analysis, and precision annotation, enhancing efficiency, accuracy, and broadening access to underserved regions. The telecommunications sector stands to benefit from generative AI and NVIDIA AI solutions, which will bolster connectivity, network resilience, and 5G integration. LTTS is enhancing product engineering services by integrating 5G, network virtualization and master telco network solutions from design to deployment, thus improving communication across urban and rural landscapes. For the Mobility segment, the collaboration between NVIDIA and LTTS will offer advanced solutions for safety, automation, and predictive maintenance, optimizing operations and enhancing passenger safety and experience. With its focus on fostering dialogue and accelerating the adoption of next-gen solutions, LTTS is driving a future where technology is seamlessly integrated across industries. LTTS is upskilling over 1,000 engineers on NVIDIA software, including the NVIDIA AI Enterprise software platform. This investment in education and training will enable LTTS to accelerate AI adoption to solve complex challenges.Powered by Capital Market - Live

Manappuram Finance Ltd, Shyam Metalics & Energy Ltd, Mahanagar Gas Ltd, Voltas Ltd are among the other stocks to see a surge in volumes on BSE today, 18 October 2024.L&T Technology Services Ltd recorded volume of 1.06 lakh shares by 10:47 IST on BSE, a 22.53 times surge over two-week average daily volume of 4686 shares. The stock lost 1.22% to Rs.5,174.35. Volumes stood at 10114 shares in the last session.Manappuram Finance Ltd notched up volume of 19.63 lakh shares by 10:47 IST on BSE, a 6.92 fold spurt over two-week average daily volume of 2.84 lakh shares. The stock slipped 14.91% to Rs.150.95. Volumes stood at 2.86 lakh shares in the last session.Shyam Metalics & Energy Ltd recorded volume of 1.41 lakh shares by 10:47 IST on BSE, a 6.04 times surge over two-week average daily volume of 23365 shares. The stock lost 2.16% to Rs.899.40. Volumes stood at 12205 shares in the last session.Mahanagar Gas Ltd witnessed volume of 83164 shares by 10:47 IST on BSE, a 4.58 times surge over two-week average daily volume of 18144 shares. The stock dropped 12.78% to Rs.1,535.60. Volumes stood at 9937 shares in the last session.Voltas Ltd notched up volume of 1.15 lakh shares by 10:47 IST on BSE, a 4.13 fold spurt over two-week average daily volume of 27862 shares. The stock rose 1.73% to Rs.1,865.65. Volumes stood at 25632 shares in the last session.Powered by Capital Market - Live

L&T Technology Services Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 5362, up 0.1% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.79% on the day, quoting at 24774.65. The Sensex is at 80968.72, down 0.65%. L&T Technology Services Ltd has dropped around 2.12% in last one month. Meanwhile, Nifty IT index of which L&T Technology Services Ltd is a constituent, has dropped around 1.5% in last one month and is currently quoting at 42230.7, up 1.16% on the day. The volume in the stock stood at 3.03 lakh shares today, compared to the daily average of 1.56 lakh shares in last one month. The benchmark October futures contract for the stock is quoting at Rs 5374.3, up 0.56% on the day. L&T Technology Services Ltd is up 23.16% in last one year as compared to a 25.94% spurt in NIFTY and a 35.16% spurt in the Nifty IT index.The PE of the stock is 44.55 based on TTM earnings ending June 24.Powered by Capital Market - Live

L&T Technology Services announced that the Board of Directors of the Company at its meeting held on 16 October 2024, inter alia, have recommended the interim dividend of Rs 17 per equity Share (i.e. 850%) , subject to the approval of the shareholders.Powered by Capital Market - Live

L&T Technology Services has fixed 25 October 2024 as record date for interim dividend of Rs 17 per share. Powered by Capital Market - Live

L&T Technology Services has allotted 3,910 equity shares under ESOS n 16 October 2024. Powered by Capital Market - Live

Net profit of L&T Technology Services rose 1.33% to Rs 319.60 crore in the quarter ended September 2024 as against Rs 315.40 crore during the previous quarter ended September 2023. Sales rose 7.81% to Rs 2572.90 crore in the quarter ended September 2024 as against Rs 2386.50 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2572.902386.50 8 OPM %18.1119.93 - PBDT519.10504.20 3 PBT440.80436.10 1 NP319.60315.40 1 Powered by Capital Market - Live