Larsen & Toubro shares advance 6%, hit over seven-month high

Shares of Larsen & Toubro (L&T) rose 6 per cent to hit an over seven-month high of Rs 1,025 on the BSE on Tuesday. The construction & engineering major's stock was trading at its highest level since March 16, 2020.

In the past four trading days, the stock has risen 9 per cent after L&T said the ordering activity in Infra relatively strong despite pandemic concerns, power generation and hydrocarbon muted. The company saw sequential improvement in ordering momentum in infrastructure segment in September quarter (Q2FY21); encouraging prospect pipeline. The execution picks up in Q2 on the back of