L&T Technology Services experienced a 1% gain, reaching a day’s high of Rs 4,990 per share on December 12, fueled by the company’s recently inked multi-year engineering services agreement with bp, one of the world’s largest diversified energy companies.
Over the last month, the IT major’s stock has surged over 15%, outpacing the benchmark Sensex, which witnessed a 7% rise during the same period.
In an exchange filing on December 12, L&T Tech highlighted that the newly forged partnership emphasizes its domain expertise in the energy segment, with a specific focus on engineering to drive productivity improvement.
As of 11:25 am, the shares exhibited a marginal dip, trading 1.15% lower at ₹3,346.80, reflecting the dynamic nature of the market and investor response to the recent developments surrounding L&T Technology Services.
