LTM shares touched a day high of Rs 4,358.00 on Thursday after the firm won a multi-million-dollar managed services deal in North America.

LTM Limited, a Larsen & Toubro Group company, signed the agreement with a leading North American specialty engineering and construction company.

It did not name the client or give an exact value. The press release reached NSE at about 10:46 am.

Managed services means LTM runs the work for the client instead of only advising on it. The contract has an initial term of three years.

Until now, several companies have looked after the client’s computer systems. LTM will take over three areas: infrastructure, cybersecurity and application support.

In plain terms, one company will handle the day-to-day IT work that many used to share. LTM plans to build the service around artificial intelligence.

Software will keep watch over the client’s systems and handle routine jobs automatically. Source said the aim is steadier services and simpler management for the client.

Rajesh Sundaram, LTM’s Chief Business Officer for Manufacturing and Retail CPG, said companies now want partners who pair strong operations with AI.

He said the deal shows LTM can help clients get more from their technology spending. This is not LTM’s only AI tie-up this month.

On 7 October, the company said it was widening its work with Google Cloud to help businesses adopt Gemini Enterprise, with a dedicated centre of excellence for the effort.

LTM’s board meets on 16 October to consider its Q2 FY27 results and a dividend, according to the NSE event calendar. The firm has a global workforce of over 87,000 employees spread across 40 countries.

At 12:41 pm on Thursday, LTM was trading at Rs 4,300.60 on NSE, up by 1.76% from Wednesday’s close of Rs 4,226.10. The stock opened at Rs 4,265.50, and its low for the day so far is Rs 4,262.20.

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