L&T Technology Services spurts after robust Q1 results

L&T Technology Services rose 11.52% to Rs 1,457 at 9:36 IST on BSE after consolidated net profit rose 102.14% to Rs 198.10 crore on 40.07% increase in net sales to Rs 1152.20 crore in Q1 June 2018 over Q1 June 2017.

The result was announced after market hours yesterday, 23 July 2018.

Meanwhile, the S&P BSE Sensex was up 139.94 points, or 0.38% to 36,858.54.

On the BSE, 17,000 shares were traded in the counter so far compared with average daily volumes of 11,000 shares in the past two weeks. The stock had hit a high of Rs 1485 and a low of Rs 1380.05 so far during the day. The stock hit a record high of Rs 1,547 on 12 February 2018. The stock hit a 52-week low of Rs 726.75 on 18 August 2017.

L&T Technology Services (LTTS) is a listed subsidiary of Larsen & Toubro, focused on Engineering and R&D (ER&D) services. It offers consultancy, design, development and testing services across the product and process development life cycle.

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