Larsen and Toubro (L&T) is trading higher by 2% at Rs 1,291 bouncing back almost 3% from intra-day low after the company said its construction arm L&T Construction has bagged Rs 2,410 crore new orders across various businesses during April-June 2012.
“The Buildings and Factories IC (independent company) has secured new orders worth Rs 1,921 crore from leading developers for the construction of major residential towers,” L&T said in a filing to the stock exchanges.
Its infrastructure IC has won orders to the tune of Rs 345 crore for the design and construction of viaducts and three elevated stations from Delhi Metro Rail Corporation which also includes additional orders from various ongoing projects, it added.
The stock has rallied almost 14% in past four trading days compared to 4.2% rise in the benchmark index. A combined 2.37 million shares have changed hands on the counter so far on the NSE and BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app