Intraday Price Movement and Market Context
On 2 Feb 2026, L&T Technology Services Ltd recorded an intraday low of Rs.3662.35, down 2.84% from the previous close. The stock’s day change was -2.45%, underperforming its sector by 1.5%. This decline contrasts with the broader market’s modest recovery, as the Sensex rebounded by 333.78 points to trade at 80,889.46, a gain of 0.21% after a negative opening.
Despite the Sensex’s positive movement, L&T Technology’s share price remains below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signalling sustained downward momentum. The Sensex itself is trading below its 50-day moving average, though the 50DMA remains above the 200DMA, indicating mixed technical signals at the index level.
Performance Over the Past Year
The stock’s 52-week high was Rs.5647.35, highlighting the extent of the recent decline. Over the last 12 months, L&T Technology Services Ltd has delivered a total return of -32.28%, significantly lagging the Sensex’s 4.48% gain over the same period. This underperformance extends beyond the last year, with the stock also trailing the BSE500 index over one year, three years, and the past three months.
Profitability metrics have shown limited improvement, with profits falling by 0.9% over the past year. Quarterly earnings per share (EPS) reached a low of Rs.28.55, while the half-year return on capital employed (ROCE) declined to 26.56%, the lowest recorded in recent periods. These figures reflect a subdued earnings environment for the company.
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Fundamental Strength and Valuation
Despite recent price weakness, L&T Technology Services Ltd maintains strong long-term fundamentals. The company has an average return on equity (ROE) of 23.28%, indicating efficient capital utilisation over time. Net sales have grown at an annualised rate of 16.59%, while operating profit has expanded by 15.76% annually, underscoring steady business growth.
The company’s average debt-to-equity ratio stands at zero, reflecting a conservative capital structure with minimal leverage. Majority shareholding remains with promoters, providing stability in ownership.
Valuation metrics suggest the stock is trading at a premium relative to book value, with a price-to-book ratio of 6.4 and a ROE of 20.6. However, this valuation is broadly in line with historical averages for its peer group, indicating that the current price reflects both the company’s quality and recent earnings trends.
Sector and Market Comparisons
Within the Computers - Software & Consulting sector, L&T Technology Services Ltd’s performance has been below par in both the near and long term. The sector itself has experienced volatility, with some indices such as NIFTY FMCG also hitting 52-week lows on the same day. Mega-cap stocks have led the broader market’s modest gains, while mid and small caps, including L&T Technology, have faced headwinds.
The company’s Mojo Score stands at 51.0, with a Mojo Grade upgraded to Hold from Sell as of 11 Nov 2025. The market cap grade is 2, reflecting its mid-tier capitalisation status within the sector.
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Summary of Key Metrics
To summarise, L&T Technology Services Ltd’s stock price decline to Rs.3662.35 represents a 52-week low, reflecting a combination of subdued earnings growth, valuation pressures, and sector-wide challenges. The stock’s underperformance relative to the Sensex and its sector peers is notable, with a one-year return of -32.28% contrasting sharply with the benchmark’s positive gains.
Financially, the company continues to demonstrate solid fundamentals, including strong ROE, healthy sales growth, and a debt-free balance sheet. However, recent profit declines and valuation levels suggest cautious sentiment among market participants.
Trading below all major moving averages, the stock’s technical position remains weak, mirroring the broader sector’s mixed performance. The market environment, characterised by mega-cap leadership and selective sector weakness, further contextualises the stock’s price action.
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