India's L&T Technology gains as JP Morgan sees order wins aiding FY26 revenue growth

L&T Technology Services

02/04/2025 10:13

** Shares of L&T Technology Services LTEH.NS rise 2.1% to 4,659.50 rupees

** Rise after J.P.Morgan retains "overweight" on IT co, citing sustained momentum in revenue growth for fiscal year 2026

** J.P.Morgan says LTEH's $55 million new deal from an EU auto maker shows continuing deal momentum for LTEH

** J.P.Morgan sees 1.5 percentage point contribution from the deal to FY26 growth for LTEH

** Says new deal wins worth $80 million since January will account for 3-3.5 percentage points of 10% organic revenue growth in FY26

** LTEH down 3.7% in 2025 so far compared to 16.4% fall in IT index .NIFTYIT

(Reporting by Bharath Rajeswaran)