Larsen & Toubro rebounds 4% from intra-day lows

So far in June, the stock has outperformed the market by gaining 8% compared to a 1% decline in the CNX Nifty.

Shares of Larsen & Toubro (L&T) have moved higher by 1% at Rs 1,791 on the NSE, bouncing back 4% from their intra-lows of Rs 1,719 touched in early morning trades. The stock has hit a high of Rs 1,794 so far.

The engineering and construction major today said it has received orders worth Rs 2,035 crore across various business verticals.
 

Thus far in June 2015, L&T has received total orders worth Rs 9,562 crore from various segments.

Meanwhile, the stock has outperformed the market so far in the current month by gaining 8% compared to a 1% decline in the CNX Nifty.