2 L&T Group stocks hit 52-week highs

Larsen & Toubro Infotech and L&T Technology Services have rallied by up to 9% in intra-day trade, hitting their respective 52-week highs on the BSE.

Shares of two Larsen & Toubro (L&T) Group companies – Larsen & Toubro Infotech (LTI) and L&T Technology Services (LTTS) – hit their respective 52-week highs on the BSE in an otherwise subdued market.

LTI is a global technology consulting and digital solutions company, while LTTS focuses on engineering and R&D (ER&D) services.

LTI has rallied 9% to Rs 949 in intra-day trade, extending its 8% gain of the past two trading sessions on the BSE, after it posted a better than expected net profit in September quarter (Q2FY18). The company reported a profit of Rs 273 crore