Birlasoft: Antique said the deal pipeline remains strong but future signings are uncertain due to the timing of client decisions. The IT firm is looking to execute and maximise signings in the upcoming quarter, it said.
L&T Technology Services reported a consolidated net profit of Rs 336.2 crore in the quarter ending December 2023, up 13 per cent compared to Rs 303 crore reported in the year-ago period.
The BSE IT index has dropped 3 per cent in the last five days against a 1 per cent drop for the Sensex, with Infosys Ltd (down 4 per cent), Wipro Ltd (down 3.49 per cent), TCS (3.17 per cent), Tech Mahindra Ltd (down 2 per cent), HCL Technologies Ltd (down 2 per cent).
LTTS shares: Nomura India has reduced its target on the stock to Rs 2,980 from Rs 3,000. On Wednesday, the stock was up 3.09 per cent at Rs 4,189 on BSE. At this price, Nomura's target suggests a 28 per cent potential downside.