L&T trades higher for seventh straight day; stock hits over 9-month high

Shares of Larsen & Toubro (L&T) were trading higher for the seventh straight session on Friday, up 2 per cent at Rs 1,217 on the BSE, amid expectation that awarding momentum may pick up going forward.

Stock of the construction & engineering major was trading at its highest level since February 26, 2020. In the past one month, L&T has outperformed the market by gaining 15 per cent as against a 6-per cent rise in the S&P BSE Sensex.

L&T on Monday said it received order for supply of 90 units of Komatsu Mining Equipment from Coal India subsidiaries, leading