RIL

AFTER BIG CONSOLIDATION

NOW GIVING BREAKOUT ABOVE 2300

SOON CAN SEE NEW 52WK HIGH

LTI & LTTS

TWINS

BOTH 🔥

Tinplate

310 ++

https://youtu.be/r6fKGYDFuIc

DEEPAK NITRITE

ON 🔥

ATH

2368 🎯

Equity is Going to be Next Real Estate in next 6 to 10 Years

FOMO Playing in mkts
( Fear of missing Out)

Only Quality Bussiness # Book Profits 📈 As per Risk & View # Stay invested in Strong Stocks/Sectors

If still Your portfolio Not At All Time High you need To change your Trading/Investment Style or Need Mentor

When

LTTS WAS BWT 2500 To 2870
It Spend almost 3 to 4 months in this range

Huge Query & Many Trolled Why is not moving

Now its been 🚀 since Fy22Q1 NUMBERS

PFIZER

GETTING READY FOR FRESH BREAKOUT

ABOVE 6111

MASTEK - Former CEO John Owen Selling in open Market that might be the reason Stock facing Bit resistance to cross ATH. But once selling over we can see big upmove. Keep 👀

RIL

2384

FRESH

RALLY IN NIFTY

ONLY ON CLOSE ABOVE 17325

KEEP WATCH

SRF

FRESH RECORD HIGH

10380

L&T Tech (LTTS)

Raises FY22 Growth Guidance, Identifies Six Investment Areas

L&T Technology Services Ltd. raised its revenue growth guidance for the full fiscal as performance across key verticals improved and client spending towards digital products rose.

A sense of return to normalcy in the U.S. and Europe and increased revenue across most verticals have led to healthy earnings in the first quarter of FY22, said Amit Chadha, chief executive officer and managing director. That in turn gave the engineering services provider the confidence to hike the full-year dollar revenue growth guidance to 15%-17% from 13%-15%, Chadha told BloombergQuint's Niraj shah in interview.

L&T Tech saw its revenue increase 5.4% sequentially to Rs 1,518.4 crore. Its net income jumped 11% to Rs 217 crore. Digital and leading edge technologies accounted for 54% of the company’s overall top line during the quarter.

The uptick in growth forecast, according to Chadha, was after closely analysing the spending patterns of the market, budget allocations and availability of their own talent to pick up work. “We want to go back to our heydays of growth that we had three years ago, haven’t given up on that ambition.”

The company has seen electric and autonomous vehicles-connected spend going up. “In terms of industrial products, we’ve seen clients spending on digital manufacturing and smart products,” said Chadha. Plant engineering, especially oil and gas, saw more spends, while hi-tech and semiconductor businesses continued to do well, he said. “Sustainability engineering is starting to gain traction and the effect will be visible in the next few quarters.”

The only dampener, according to Chadha, was the medical segment. L&T Tech's revenue from this segment fell around 1% sequentially. “But we’re finally seeing elective surgeries come back and remain bullish on the segment,” he said.


Six Investment Areas
The company, Chadha said, has identified six strategic investment areas that it will focus upon. Those are electric autonomous-connected vehicles, 5G, medtech, digital manufacturing, artificial intelligence for digital products, and sustainability. “These should be able to give us scale and growth.”

Within the medtech segment, Chadha said homecare facilities, electronic medical and health records and telemedicine are going to be in focus.

Outlook
According to Chadha, there’s no doubt that the world views India as an engineering hub and that the sector is poised for explosive growth.

“Currently, the global engineering services market is worth close to $1.4 trillion, of which India generates $36 billion. I do believe this figure can easily double, if not grow 2.5 times in the next five years,” he said. “Engineering services is here and now.”

Only

RIL

RELIANCE INDS Moving Mkts

NIFTY 17325+++ 😊💚

Nifty Closing just 17 points away from Days High @ 17323