Nokia stock at EUR 8.33; five-year India R&D deal in focus

Published on 10/29/2026 at 17:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nokia stock is in focus after a five-year engineering and R&D contract in India. The work spans 5G, AI operations and infrastructure.

Growth signals meet execution demands

AI and cloud customer sales more than doubled in Nokia's third quarter, while Network Infrastructure led reported growth.
L&T Technology Services will support Nokia's Indian engineering and research activities across 5G, software and AI infrastructure.
Nokia maintained its full-year comparable operating profit outlook, but lowered its free cash flow conversion assumption.

Nokia, FI0009000681, Illustration mit AI erstellt.

Nokia stock was at EUR 8.33 at Lang & Schwarz on October 29, 2026, at 16:02:45 Berlin time. Compared with the previous Xetra session close of EUR 8.148 on October 28, the share was 2.23% higher. The move is a market observation, not evidence that any single announcement caused the change.

The newer development for investors is a five-year engineering and research partnership in India. L&T Technology Services said on October 26 that it will support Nokia programs covering product engineering, software development, system integration and product support. The Indian partner also plans a dedicated offshore development center and an engineering team for Nokia's global Technology Center.

India expands Nokia's AI engineering base

The planned work includes 5G networks, intelligent automation, AI-driven operations and AI infrastructure. Financial terms were not disclosed, so the agreement provides strategic context but does not support a quantified revenue or earnings estimate.

That initiative adds an execution angle to Nokia's third-quarter growth story. In its Q3 interim report published on October 22, Nokia reported EUR 5.154 billion in net sales, up 10% year over year on a reported basis. Comparable operating profit rose to EUR 605 million, while reported operating profit declined to EUR 196 million because of restructuring and integration costs.

AI and cloud customer sales increased 123% year over year and related order intake increased 118%, according to Nokia. The company kept its 2026 comparable operating profit outlook at EUR 2.1 billion to EUR 2.6 billion, but reduced its free cash flow conversion assumption to 35% to 55% and raised restructuring and associated charges to EUR 1.1 billion.

Course trend adds a separate signal

The latest relevant own report that was reviewed, published on October 23, used a Lang & Schwarz price of EUR 7.32. The current EUR 8.33 quote is 13.80% above that level, a separate comparison from the Xetra day move and the new India agreement.