L&T Technology Services shares advance 8%, hit fresh record high

In the past month, the stock has outperformed the market by surging 17 per cent, as compared to 6.5 per cent rise in the S&P BSE Sensex

Shares of L&T Technology Services zoomed 8 per cent to Rs 1,991, also its record high, on the BSE on Thursday after the company said it was recognized with the Frost & Sullivan 2020 Global Customer Value Leadership Award for its intelligent building experience management system, i-BEMSTM.

The stock surpassed its previous high of Rs 1,883, touched on December 10, 2020. LTTS is a listed subsidiary of Larsen & Toubro (L&T) focused on Engineering and R&D (ER&D) services. The company offer consultancy, design, development and testing services across the product and process development life cycle.

LTTS, in a