L&T Infotech trades higher for 5th straight day, hits all-time high

Shares of Larsen & Toubro (L&T) Infotech hit an all-time high of Rs 2,070 in an otherwise subdued market, up 3 per cent, on the BSE on Wednesday on expectation of earnings recovery in the second half of the financial year 2020-21. It surpassed its previous high of Rs 2,049 touched on February 14, 2020.

The stock was trading higher for the fifth straight day, gaining 7 per cent in the past one week, as compared to 3.3 per cent rise in the S&P BSE Sensex. In the past three months, L&T Infotech has outperformed the market by surging 52 per cent, as against 22 per cent gain in the benchmark index.

Today, L&T Infotech, a global technology consulting and digital solutions company, announced that it has launched LTI Canvas, a modern software engineering platform that addresses critical need of enabling work from anywhere.