The stock surpassed its previous high of Rs 1,883, 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 offer consultancy, design, development and testing services across the product and process development life cycle.
LTTS, in a press release, said, the 2020 award recipients were evaluated on various parameters, including major operational efficiency, customer acquisition, customer experience, and growth potential.
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 per cent, as compared to 6.5 per cent 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.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU