L&T Technology Services Wins $50 Million Avionics Contract

L&T Technology Services Limited, an established global pure-play Engg R&D services company, on Thursday announced that the company has won a pointer project worth USD 50 million spanning over 5-years from the global aerospace electronic systems manufacturer.

The project with L&T Technology Services will result in transformation of the customer's operations into a managed services model. The new deal also complements the impetus achieved by the company in the areas of electric vehicles, autonomous cars, infotainment and embedded devices to name a select few.

Shares of L&T Technology Services Ltd today opened at 1026.25 and was trading marginally down at 992 by 0.54% on NSE, post lunch hours, Thursday.

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“RUSHIL is strong on daily Charts & bullish cross walk in MACD and good numbers at ADX shows strong movement a head, therefore I suggest traders to go long above 1075 with a price target of 1125 & Stop loss should be placed below1000”

Company has good consistent profit growth of 33.95% over 5 years.

Price of stock has risen by 9.72% and Vol has also risen by 171.28% (Vol compared with 5 day avg vol till 03:30 PM).