L&T Technology Services Ltd (LTTS) shares fell 9.48 per cent to hit a low of Rs 4,689.50 on BSE. The LTTS management guided for FY25 revenue growth of 8–10 per cent in constant currency CC terms despite the strong exit rate.
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.
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.
Adani Power is maintaining a lower-top lower-bottom formation on the daily chart, which is a sign of weakness. The stock is underperforming key indices.