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L&T Tech Services hits record high

Capital Market 

L&T Technology Services surged 19.74% at Rs 1,213.90 at 13:50 IST on BSE after consolidated net profit rose 2.84% to Rs 126.50 crore on 7.6% growth in net sales to Rs 969.10 crore in Q3 December 2017 over Q2 September 2017.

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

Meanwhile, the S&P BSE Sensex was up 54.70 points or 0.15% at 36,194.68.

On the BSE, 2.05 lakh shares were traded on the counter so far as against average daily volumes of 8,254 shares in the past one quarter. The stock had hit a high of Rs 1,216.55 so far during the day, which is a record high. The stock hit a low of Rs 1,026 so far during the day. The stock had hit a record low of Rs 671 on 13 June 2017.

The large-cap company has equity capital of Rs 20.45 crore. Face value per share is Rs 2.

L&T Technology Services provides engineering, research and development (ER&D) services to manufacturing, technology and process engineering companies, to help them develop and build products, processes and infrastructure required to deliver products and services to their end customers.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 24 2018. 13:47 IST