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Current valuation at 2x/1.8x for FY23E / FY24E P/EV is attractive.

The Relative Strength Index of the stock stood at 30.53 on Friday.

A total of 45,079 shares changed hands on the counter till 01:53PM (IST).

In the Nifty500 pack, the closing prices of these five stocks crossed above their 200 DMA (Daily Moving Averages) on January 19, 2023. >> For more such web stories click on the ET icon below

One of the best ways to accomplish the stiff target is to give tax breaks till 2030 for companies helping in achieving this goal. To avoid cash outflows, the government can consider giving higher depreciation benefits, and lower taxes during this period.

The Relative Strength Index of the stock stood at 40.55 on Friday.

The brokerage values the stock at ~36x 1-year forward EV/EBITDA.

The dividend will amount to about Rs 5,493 crore. The company has fixed a record date of January 30 for the purpose of payment of the third interim dividend to eligible shareholders.

Promoters held 62.55 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 11.85 per cent and 7.07 per cent, respectively.

"L&T Technology posted a flat QoQ topline growth in constant currency in 3QFY23, missing our estimates of 2% QoQ growth. Despite weak growth, EBIT margin improved 60bp QoQ over a low base (wage hike in 2QFY23), beating our estimates of 18.3%," brokerage firm Motilal said.