L&T Technology Services shares fall 6%

New Delhi: Shares of L&T Technology Services declined nearly 6 per cent on Wednesday after the company lowered its revenue growth guidance for the current fiscal.

The stock fell by 5.67 per cent to settle at Rs 4,353.95 on the BSE. During the day, it plunged 5.85 per cent to Rs 4,345. At the NSE, it dropped 5.75 per cent to end at Rs 4,348. The company’s market valuation fell by Rs 2,764.3 crore to Rs 46,025.45 crore. L&T Technology Services on Tuesday posted a 5 per cent increase in September quarter net profit to Rs 315.4 crore but lowered its revenue growth guidance for the current fiscal.