Shares of L&T Technology Services (LTTS) climbed 2.83% to ₹4,409.40 in Wednesday’s trade, driven by high trading volumes and a sector-wide rally in IT stocks. The stock opened higher from its previous close of ₹4,288.00 and touched an intraday high of ₹4,480.00, before stabilizing around current levels.
Market data shows LTTS among the most actively traded IT counters in today’s session, reflecting increased investor participation. The stock’s surge comes in line with the broader IT rally, which has gained momentum after the U.S. Federal Reserve’s 25 basis point rate cut, a move expected to improve foreign investor appetite for Indian technology companies.
At the time of writing, LTTS holds a market capitalization of ₹471.24 billion, with its shares trading near the upper band of the day’s range. The counter also carries a dividend yield of 1.25%, making it a preferred pick in the IT services space.
The rate cut by the U.S. Fed has spurred optimism in global markets, particularly boosting IT and banking stocks, which stand to benefit from increased risk appetite among foreign investors.
