L&T Technology Services, Nokia sign deal to support engineering in India
L&T Technology Services made an announcement in an infrastructure development.
· BS Companies
L&T Technology Services on Monday announced a five-year contract with Nokia to support engineering and research and development activities in India. The contract brings together LTTS' engineering capabilities with Nokia's telecommunications technology work, according to a release. The release did not divulge the size or financial details of the contract.
The analysis
Against that, the stock is +2.3% on the day at ₹4,280.20, and has returned +20.3% over three months. It sits 9% below its 52-week high. The it sector has moved -3.1% over the same period, so L&T Technology Services is running 23.4 points ahead of its peers.
For L&T Technology Services, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Why it matters
- Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
Market context
- In focus: L&T Technology Services (LTTS), in IT.
- Over three months: L&T Technology Services +20.3% against IT -3.1% (23.4 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| L&T Technology ServicesLTTS · IT | ₹4,280.20 | +2.3% | +32.6% | +20.3% | -8.9% | 0.4× | — |
IT
1M +5.2% · 3M -3.1%
L&T Technology Services
Financial Services
1M -8.8% · 3M -14.9%
Infrastructure
1M -10.5% · 3M -15.8%
Telecom & Media
1M -0.2% · 3M +0.9%
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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