L&T Group shares in demand; L&T hits record high, LTI soars 16%

Shares of Larsen & Toubro (L&T) group companies were on a roll on Tuesday with three listed companies — L&T, L&T Infotech and L&T Technology Services (LTTS) — hitting their respective record highs in intra-day trade. Their shares rallied up to 16 per cent today on the back of positive corporate developments.

Among individual stocks, L&T Infotech zoomed 16 per cent to Rs 6,876.90 on the BSE after the company reported the strongest sequential revenue growth, its best-ever, for the July-September quarter (Q2FY22), at 8.9 per cent in constant currency terms. The stock of the information technology (IT) consulting & software company surpassed its previous high of Rs 6,498.50, recorded on September 24, 2021.