Shares of L&T Technology Services (LTTS) jumped as much as 4 per cent in the morning deals on Wednesday (January 17), touching the day's high of Rs 5,535.6 apiece on BSE, which was Rs 32.25 away from its 52-week high of Rs 5,567.85 apiece.

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The stock jumped a day after the IT company posted its Q3 FY24 results, and its management reaffirmed the target to grow revenue between 17.5 and 18.5 per cent on a constant currency basis in FY24.

As of 9:52 a.m., shares of L&T Technology Services traded 2.99 per cent or Rs 159.75, higher on the BSE at Rs 5509.45 apiece. The company's market capitalisation at around the same time stood at Rs 58,258.38 crore.

How did L&T Technology Services fare in Q3?

L&T's engineering services arm, L&T Technology Services, reported on Tuesday, post-market hours, a 13.3 per cent rise in December quarter net profit at Rs 336.2 crore. The company had reported a post-tax profit of Rs 296.8 crore in the year-ago period and Rs 315.4 crore in the preceding September quarter.

Its overall revenue grew to Rs 2,421.8 crore for the reporting quarter, as against Rs 2,157 crore in the year-ago period and Rs 2,386.5 crore in the previous quarter.

The operating profit grew 11.9 per cent to Rs 487.7 crore from the year-ago period's Rs 435.6 crore.

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