L&T Infotech continues to leave rivals trailing in its wake

Stock has risen 89% so far in 2021 and is up nearly 4x since March 2020

Larsen & Toubro Infotech has continued its big bull-run on the bourses, with its share price rising 16.8 per cent on Tuesday after it reported better-than-expected growth in revenues in the September quarter of financial year 2021-22 (Q2FY22).

The stock has risen around 20 per cent so far in October, beating its rivals and the broader market. In comparison, the benchmark NSE Nifty50 has risen 4.5 per cent this month, while the Nifty IT index that tracks the market capitalisation of the top 10 IT firms, including L&T Infotech, has advanced 6 per cent.

The stock’s recent performance remains in