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

https://www.moneycontrol.com/news/business/stocks/buy-larsen-and-toubro-technology-services-target-of-rs-4650-sharekhan-7423251.html/amp


LTTS
Target - 4650
By Sharekhan

BSE CONSUMER DURABLE
FRESH BREAKOUT

Currently Trading @ 38881

Festive season starting
Economy Reopening

Many Good stocks had long consolidation & Now showing signs of Breaking out of Range

On Radar

VAIBHAV GLOBAL
BAJAJ ELECTRICALS
VOLTAS
WHIRPOOL
BLUE STAR
DIXCON
AMBER ENTERPRISE

The highest bull markets in any Nation happens when the economy moves from 2 Trillions to 5 Trillions .

There are 3 nations who have done it.

I) China took 5 Years to go from 2 Trillions to 5 Trillions (2004-2009) – During this time the Hangsang went from 8500 to 32000 – A 4 times gain.

II) USA took 11 years to go from 2 Trillions to 5 Trillions (1977-1988) – The Dow Jones between 1977 to 2000 went from 700 levels to 12000 – Gain of 15 times.

III) Japan took 8.5 years to go from 2 Trillions to 5 Trillions (1978-1986) – The Japanese stock market between 1978-1991 went from 2000 to 37000.

So Historically the mother of all bull Markets in any nation starts between 2 Trillions to 5 Trillions!

IV) India and the indian economy is just getting started Join yourself and create wealth by compounding over a long term

HDFC AMC

GETTING READY FOR NEW 52WK HIGH 🔜🔜

RIL

NEW 52WK HIGH

2453

INDIA 🇮🇳 MART

4.5% 💚💚

8500+++

9000/9450/9900/10500/11000
Coming

TF - 1 To 6 months