L&T Technology Services shares rise 5%; what’s boosting rally in stock?

L&T Technology Services shares rose 4.9 per cent in Friday’s trade on BSE, logging an intraday high at Rs 5,157.6 per share. Around 12:37 PM, L&T Tech share price was up 4.23 per cent at Rs 5,120.95 per share on BSE. In comparison, the BSE Sensex was down 0.42 per cent at 75,420.26. The market capitalisation of the company stood at Rs 54,219.41 crore. The 52-week high of the stock was at Rs 5,990 per share and the 52-week low was at Rs 4,228 per share.