IT shares in focus; KPIT, L&T Technology, Mindtree hit record highs

The $1.9 trillion Covid relief bill stimulus, if passed, will boost the US economy and will, in turn, positively impact the IT industry, ICICI Securities said in a note

Shares of information technology (IT) companies were in focus at the bourses on Wednesday, with KPIT Technologies, L&T Technology Services (LTTS) and Mindtree hitting their respective record highs on the BSE in intra-day trade.

Among indviudal stocks, Coforge surged nearly 7 per cent to Rs 2,750, while Larsen & Toubro Infotech gained 4 per cent to Rs 4,070 in intra-day trade on the BSE. Zensar Technologies, LTTS, Wipro, Mindtree and Mphasis were up in the range of 2 per cent to 3 per cent, while, Infosys, HCL Technologies and Tech Mahindra were up between 1 per cent and 2