Larsen & Toubro gains 4%, hits record high on hopes of strong order inflows

L&T's order inflow is expected to be good in October-March period (H2FY22) given the expected high activity in tendering in and awarding

Shares of Larsen & Toubro (L&T) rallied 4.3 per cent, hitting a record high of Rs 1,895 on the BSE in Wednesday’s intra-day trade on expectation of strong orders inflows as the management indicated tender pipeline remains strong at Rs 6.83 trillion, largely from infra and Hydrocarbon.

The stock of construction & engineering giant surpassed its previous high of Rs 1,884.90 touched on October 19, 2021. In past one week, the stock has gained 6 per cent, after the company posted a healthy operational performance for the quarter ended September 2021 (Q2FY22). The company’s order backlog remains strong at