LTTS Share Price: IT Stock To Consider Dividend On April 25, Citi Revises Target Price

Top brokerage Citi Research has revised target price for L&T Technology Services Ltd shares. The company announced today that its Board of Directors will hold meeting on April 25, 2024 to consider, approve financial results and recommend final dividend, if any for the financial year ended March 31, 2024. Last trading price of L&T Tech share price on BSE is Rs 5584.40 apiece with intraday fall of 0.31%. LTTS Share price soared 3.11% in last 1-week and surged 65% in last 1-year. Check details below:

L&T Technology Services To Consider Results, Dividend: As per the regulatory filing of the company dated April 2, "a meeting of the Board of Directors of the Company will be held on Thursday, April 25, 2024, inter alia, to consider, approve and take on record, the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2024, along with the Auditors Reports thereon and to recommend Final Dividend, if any, on the equity shares of the Company for the financial year ended March 31, 2024."

LTTS Share Performance & Return: The 52-week high price of LTTS share on BSE is Rs 5675.00 per share and 52-week low price is Rs 3308.25 per share, respectively. The company has a market capitalisation of Rs 59,057.18 crore. LTTS Shares offered return of 22% in last 6-months, gave return of 9% in last 2-years, and soared 105% in last 3-years. In last 5-years, LTTS stock soared 243%. Last trading price of LTTS share price NSE is Rs 5,576.60 per share.

LTTS Dividend History: L&T Technology Services Ltd. announced 16 dividends since November 21, 2016. In last 12 months, L&T Technology Services Ltd announced an equity dividend of Rs 47.00 per share. At the current share price of Rs 5584.40 apiece, L&T Technology Services Ltd offers a dividend yield is 0.84%.

Citi Revises Target Price For LTTS Share: Leading brokerage house Citi Research has assigned 'sell' call on L&T Technology Services Ltd share. The research firm has decided to revise the target price to Rs 4,375 per share from earlier Rs 4,325 per share. The analyst said, "revise FY24e-26e estimates by 1% on changes in operational parameters."

LTTS Financial Performance: The company on January 16 declared a surge of 13% year-on-year (YoY) in its net profit to Rs 336.2 crore for Q3 ended December 31, 2023. The company declared its net profit at Rs 303 crore in the corresponding quarter of last year, according to the BSE filing. Its revenue from operations soared 12% to Rs 2422 crore as compared to Rs 2157 crore in the similar quarter of last fiscal. In dollar terms, LLTS' revenue soared $290.7 million, indicating a 1% surge quarter-on-quarter (QoQ) and an 11% rally YoY.

Disclaimer:

The stock has been picked from the brokerage report of Citi Research. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.