L&T Infotech surges 10%, nears record high on robust Q2 results

The company reported the strongest sequential revenue growth of 8.9 per cent in constant currency terms during the July-September quarter

Shares of Larsen & Toubro (L&T) Infotech rallied 10 per cent to Rs 6,496.40 on the National Stock Exchange (NSE) in Tuesday’s intra-day trade after the company reported the strongest sequential revenue growth, its best ever for the July-September quarter (Q2), at 8.9 per cent in constant currency terms.

The stock of the L&T group information technology (IT) consulting & software company was trading close to its record high of Rs 6,498.50 touched on September 24, 2021.

L&T Infotech on Monday reported a net profit of Rs 552 crore for the second quarter ended September 30, 2021 (Q2FY22), up 21