L&T Technology Services jumps on Q2, Rs 3,700 key support

L&T Technology Services rose as much as 14.72 percent in morning trade on 21 October 2026 after Q2 results, with Rs 3,700 as support and Rs 4,750 as resistance. L&T Technology Services Limited [

] rose as much as 14.72 percent in morning trade on 21 October 2026 after its Q2 FY27 results. At the time of writing it trades near Rs 4,071, up about 12.7 percent. Consolidated profit rose 66.8 percent year on year to Rs 548.2 crore, and revenue grew 12.1 percent to Rs 3,040.4 crore. EBIT rose 29.8 percent to Rs 496.6 crore, with the margin up 220 basis points to 16.3 percent. The board declared an interim dividend of Rs 20 per share. On the daily chart, the stock traded mostly between Rs 3,000 and Rs 3,900 since March 2026. Today’s gap up has moved price above that range. RSI is near 76, which shows strong momentum but also an overbought zone. What next: Rs 3,700 may act as the support, and the bias stays positive while the price trades above it. Rs 4,750 is the major resistance. Conclusion: the results gave a strong breakout, but the closing level today matters more than the morning high, as a fall back into the range would weaken it. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.