Deal wins, demand growth to sustain L&T IT twins' outperformance

Niche presence, execution and deal pipeline separate L&T Infotech and L&T Technology from peers

Two information technology (IT) services stocks from the L&T stable - L&T Infotech and L&T Technology Services - are riding high, even as the sector is coming to grips with a gradual rebound in demand from global clients and the Street remains cautiously optimistic.

Given the strong outlook of the two companies, both stocks have nearly doubled over the previous six months and outperformed their peers as well as the IT sector by a mile. While Larsen & Toubro (L&T) has an 89 per cent stake in L&T Technology Services, which offers engineering research and development (R&D) services, it has