L&T wins significant contracts for various businesses; stock up 3%

L&T remains at the forefront to reap benefits from the AtmaNirbhar Bharat Scheme with its diversified businesses across sectors such as defence, infrastructure, heavy engineering and IT.

Shares of Larsen & Toubro (L&T) hit a record high of Rs 1,684.80, up 3 per cent on the BSE in intra-day trade on Monday, after the company announced L&T Construction, the construction arm of the company has bagged a slew of orders in India and abroad for its various businesses. According to L&T's classification, the valuation of the 'significant' lies between Rs 1,000 crore to Rs 2,500 crore.

The stock of engineering & construction (E&C) major surpassed its previous high of Rs 1,676.70 touched on August 16, 2021. In the past one week, L&T stock has outperformed the