L&T Tech shares surge 15% after strong Q1 show

New Delhi: After a strong June 2021 quarter, shares of L&T Technology Services were on a roll, gaining as much as 15 per cent in early trade on Thursday.

The engineering services arm of Larsen and Toubro Group reported a net profit of Rs 208.60 crore, a rise of 83.30 per cent against the profit of Rs 113.80 crore during the previous quarter ended June 2020.

Shares of the IT firm surged 15 per cent to Rs 3,345 on Thursday, just shy of the 15 per cent circuit limit. BSE Sensex was trading at 53,039.94, 136 points or 0.26 per cent higher, at the time of writing this report. The scrip settled at Rs 2,910.25 on Monday.