L&T nears 52-week high as it secures orders worth Rs 18,549 cr in March
Thus far in March, the stock outperformed the market by gaining 8% as compared to 3% rise in Sensex
 "A sign of Larsen and Toubro (L&T) is placed on a road divider in Mumbai")
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A sign of Larsen and Toubro (L&T) is placed on a road divider in Mumbai
Larsen & Toubro (L&T) was up 2% at Rs 1,583, its highest level since August 1, 2016 on BSE, after the company has secured more than Rs 18,000 crore new orders in the month of March.
The stock of construction & engineering major is quoting close to its 52-week high of Rs 1,615 touched on July 27, 2016 in intra-day trade.
Thus far in the current month, it outperformed the market by gaining 8% as compared to 3% rise in the S&P BSE Sensex.
L&T has secured orders worth of Rs 18,549 crore during the month of March, according to data culled from the stock exchanges announcements. In current week alone, L&T has secured orders amounting of Rs 14,223 crore from various segments.
On Thursday, March 30, L&T announced that it win orders worth of Rs 5,725 crore.
“L&T Hydrocarbon Engineering, a wholly-owned subsidiary of L&T, has won orders totalling close to Rs 4,000 crore in the international market, while its construction arm, L&T Construction has recently bagged orders worth Rs 1,725 crore across two of its business segments,” L&T said in a BSE filing.
At 12:26 pm; the stock was up 1.4% at Rs 1,580 on BSE as compared to 0.18% decline in the S&P BSE Sensex. A combined 880,888 shares changed hands on the counter on BSE and NSE.
The stock of construction & engineering major is quoting close to its 52-week high of Rs 1,615 touched on July 27, 2016 in intra-day trade.
Thus far in the current month, it outperformed the market by gaining 8% as compared to 3% rise in the S&P BSE Sensex.
L&T has secured orders worth of Rs 18,549 crore during the month of March, according to data culled from the stock exchanges announcements. In current week alone, L&T has secured orders amounting of Rs 14,223 crore from various segments.
| Date | Amt in Rs cr |
| 03/03/2017 | 2,170 |
| 16/03/2017 | 500 |
| 20/03/2017 | 1,656 |
| 27/03/2017 | 705 |
| 27/03/2017 | 2,490 |
| 28/03/2017 | 2,903 |
| 29/03/2017 | 2,400 |
| 30/03/2017 | 4,000 |
| 30/03/2017 | 1,725 |
| Total | 18,549 |
On Thursday, March 30, L&T announced that it win orders worth of Rs 5,725 crore.
“L&T Hydrocarbon Engineering, a wholly-owned subsidiary of L&T, has won orders totalling close to Rs 4,000 crore in the international market, while its construction arm, L&T Construction has recently bagged orders worth Rs 1,725 crore across two of its business segments,” L&T said in a BSE filing.
At 12:26 pm; the stock was up 1.4% at Rs 1,580 on BSE as compared to 0.18% decline in the S&P BSE Sensex. A combined 880,888 shares changed hands on the counter on BSE and NSE.