India's L&T Tech gains on deal win, bucks wider IT weakness

L&T Technology Services

01/04/2025 06:37

** India's L&T Technology Services LTEH.NS rises nearly 2%, bucks weakness in information technology stocks

** Co secures 50 million euro ($54.09 million) transformation deal in mobility segment in Europe

** Deal win to aid recovery in LTEH's mobility segment revenues, which fell 7% in December quarter, says ICICI Direct Research

** Mobility segment accounts for 32% of LTEH's revenue

** IT stocks .NIFTYIT down 2% on the day on concerns over U.S. economy amid trade war

** LTEH down 3.3% YTD vs 17% decline in IT index

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))