L&T Infotech hits record high, L&T Tech surges 7% in a weak market

In the past one week, the stock of L&T Technology Services outperformed the market by surging 25 per cent, against 1.5 per cent decline in the S&P BSE Sensex

Shares of Larsen & Toubro (L&T) Group technology services companies were in focus at the bourses on Tuesday, rallying up to 7 per cent on the BSE in intra-day deals in an otherwise weak market.

The stock of L&T Infotech (LTI), a global technology consulting and digital solutions Company rose 6 per cent to Rs 3,615, surpassing its previous high of Rs 3,515, touched on October 12, 2020. In comparison, the S&P BSE Sensex was down 0.06 per cent at 45,525 points at 01:18 pm.

For the July-September quarter (Q2FY21), LTI reported strong revenue growth numbers and healthy