L&T Infotech shares fall 0.11% as Nifty gains

Shares of Larsen & Toubro Infotech Ltd. slipped 0.11 per cent to Rs 4750.0 in Wednesday’s trade. It hit a high of Rs 4815.0 and low of Rs 4693.0 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 4907.3, while the 50-DMA was at Rs 4693.1. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.