As Covid-19 hits the global economy hard, the company refrained from giving any growth guidance for the ongoing fiscal
After muted performance over the last few quarters, LTI put up a better show in Q2FY20
Weakness in telecom and hitech vertical led to downward revision of revenue guidance to 12-14% against 14-16% earlier
L&T Technology Services soared 11% to Rs 1,635 on Monday, extending its Friday's 7% gain on the BSE.
The stock rallied 14% to Rs 1,485 on the BSE in early morning trade after the company reported more than doubled net profit at Rs 1,981 million in June quarter.
The stock rallied 7% to Rs 1,367 after the company reported a higher than expected 8% QoQ revenue growth in dollar terms at $162 million in March quarter.