L&T Technology Services hits new high; stock zooms 56% post Q3 results

The stock hit a new high of Rs 1,547, up 18%, rallied 56% from Rs 989 since January 18, 2018 as compared to 2.7% decline in the S&P BSE Sensex.

L&T Technology Services (LTTS) has surged 18% to Rs 1,547, also its new high since listing on September 30, 2016 on BSE on back of heavy volumes.

Since January 18, 2018, post October-December quarter (Q3FY18) results, the stock soared 56% from Rs 989 as compared to 2.7% decline in the S&P BSE Sensex.

LTTS had reported sequential US dollar revenue growth of 8.3% at $ 151 million in October-December quarter (Q3FY18). On constant currency (CC) basis revenue growth during the quarter under review at 8.3% over the July-September (Q2FY18) quarter.

“LTTS’s growth will be driven by large