Mid Cap Multibagger Software Stock Fixes Record Date For Interim Dividend

L&T Technology Services Limited (LTTS) is a global leader in Engineering and R&D (ER&D) services. With 913 patents filed for 57 of the Global Top 100 ER&D spenders, LTTS lives and breathes engineering. The company is now all set to pay interim dividend to its shareholders as it has fixed October 28, 2022 as record date, if declared.

The company has a market capitalization of Rs 38,031.28 crore at the time of writing the report. Check key aspects below:

1. L&T Technology Services Ltd Sets Record Date For Interim Dividend

The board of directors of the company in its regulatory filing stated, "Pursuant to Regulation 29(1)(a) of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirement) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of the Company will be held on Tuesday, October 18, 2022, inter alia, to consider and approve the Unaudited Standalone and Consolidated Financial Statements for the quarter and half year ended September 30, 2022 along with the Limited Review Report and to declare interim dividend, if any. As per Regulation 42 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015, this is to inform that October 28, 2022, is fixed as a Record date for the purpose of determining the members eligible to receive the interim dividend, if declared by the Board of Directors of the Company at their meeting scheduled to be held on October 18, 2022."

2. L&T Technology Services Ltd Stock Outlook

The current market price of the stock is Rs 3602 apiece with an intraday gain of 2.35%. The stock is now just 19% away from its 52-week low. The 52-week high of L&T Technology is quoted at Rs 5958 apiece and 52-week low is Rs 2923 apiece, respectively.

3. L&T Technology Services Ltd Market Capitalisation

The company has a market capitalization of Rs 38,031.28 crore.

4. L&T Technology Services Ltd 5-Years Return

The shares have given multibagger returns to shareholders with 5 years return at 359%, 3 years return at 135%, and 1-year decline at 24%.

5. L&T Technology Services Ltd Latest Quarterly Results

The leading company for the quarter ended June 30, 2022 announced a consolidated total income of Rs 1918 crore, up 7% from previous quarter total income of Rs 1798 crore. The company declared a net profit after tax at Rs 275 crore in the latest quarter.

6. L&T Technology Services Ltd About

LTTS' expertise in engineering design, product development, smart manufacturing, and digitalization touches every area of human lives - from the moment one wakes up till the time one goes to bed. With 89 Innovation and R&D design centers globally, it specializes in disruptive technology spaces such as 5G, Artificial Intelligence, Collaborative Robots, Digital Factory, and Autonomous Transport, according to its official website.

LTTS is a publicly listed subsidiary of Larsen & Toubro Limited, the $21 billion Indian conglomerate operating in over 30 countries.