L&T Technology Services Share Hits Record High, Advances 8 Percent

The L&T Technology services shares have risen by eight percent to Rs.1,991 and this makes the company's high record on the BSE announced the company as it recognize with the Frost & Sullivan 2020 Global Customer Value Leadership Award for its intelligent building experience management system, i-BEMSTM.

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

The stock surpassed its previous high of Rs 1,883, which 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 offers consultancy, design, development, and testing services across the product and process development life cycle.i-BEMSTM, a futuristic smart building platform, provides customers a unified one-stop solution that comes with cutting-edge digital tools and applications to ensure comprehensive monitoring, diagnostics, analytics, and optimization of critical building assets.
In the past month, the stock has outperformed the market by surging 17 percent, as compared to a 6.5 percent rise in the S&P BSE Sensex.

On Monday, LTTS announced that it has been selected by Schindler, the Switzerland-based global leading provider of elevators, escalators, moving walks, and related services as one of its key partners to provide innovative digital engineering capabilities.

According to the agreement, LTTS will provide product development, innovation, and engineering services & solutions that will help Schindler to accelerate its digitization and connectivity initiatives.