L&T Technology Services shares advance 8%, hit fresh record high

Shares of L&T Technology Services zoomed 8 per cent to Rs 1,991, also its record high, on the BSE on Thursday after the company said it was recognized with the Frost & Sullivan 2020 Global Customer Value Leadership Award for its intelligent building experience management system, i-BEMSTM.

The stock surpassed its previous high of Rs 1,883, touched on December 10, 2020. LTTS is a listed subsidiary of Larsen & Toubro (L&T) focused on Engineering and R&D (ER&D) services. The company offer consultancy, design, development and testing services across the product and process development life cycle.

LTTS, in a press release, said, the 2020 award recipients were evaluated on various parameters, including major operational efficiency, customer acquisition, customer experience, and growth potential.