L&T’s gains as its arm enters into partnership with Tricentis

24 Feb 2014 Evaluate

Larsen & Toubro is currently trading at Rs. 1076.50, up by 24.90 points or 2.37% from its previous closing of Rs. 1051.60 on the BSE.

The scrip opened at Rs. 1051.00 and has touched a high and low of Rs. 1077.80 and Rs. 1051.00 respectively. So far 124495 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1152.40 on 09-Dec-2013 and a 52 week low of Rs. 678.10 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 1053.50 and Rs. 989.45 respectively. The current market cap of the company is Rs. 99740.44 crore.

The Institutions and Non-Institutions held 54.46% and 42.69% respectively.

L&T Infotech, a wholly-owned subsidiary of $14 billion Larsen & Toubro has entered into a strategic partnership with Tricentis, a global leader in enterprise software testing solutions. Under the partnership, L&T Infotech will implement Tricentis’ Tosca Testsuite, a solution that helps test teams measure, manage and control risk coverage.

This partnership will provide the Tricentis advantage to top L&T Infotech clients, allowing them to successfully harness the power of software to accelerate business innovation, optimize cost & efficiencies, and reduce business-related risks. The Tosca Testsuite integrates with SAP, Application Lifecycle Management (ALM) and other testing solutions, and interfaces with the full range of applications demanded by today’s enterprise environments.

Larsen & Toubro is a $14 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. Its products and systems are marketed in over 30 countries worldwide.

Larsen & Toubro Share Price

2167.30 43.80 (2.06%)
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