L&T Technology Services Stock Surges 13% on Strong Volumes, Defying Weak Market Trends

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L&T Tech Services Surges 13% Amid Market Slump, Hits Biggest Gain Since 2020

L&T Tech Services Surges 13% Amid Market Slump, Hits Biggest Gain Since 2020

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CNBC TV18•13-03-2026, 15:42

L&T Tech Services Surges 13% Amid Market Slump, Hits Biggest Gain Since 2020

•L&T Technology Services stock surged 13% on Friday, March 13, defying a weak market where Nifty 50 fell 2% and Sensex dropped over 1,500 points.
•This marks the biggest single-day gain for the stock since March 2020, making it the best performer on the Nifty 500 index.
•The surge was backed by strong volumes, with 35 lakh shares traded, significantly higher than the 20-day average of 1.5 lakh shares.
•The stock rebounded from a 52-week low of ₹3,010, with volumes picking up around 11 AM.
•Canara Robeco Midcap Fund and LIC Mutual Fund increased their stakes in February; Centrum maintains a "Neutral" rating with a ₹4,451 target.

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