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Larsen & Toubro hits over 9-month low, slips 18% from September high

The stock was trading at its lowest level since February 26, 2019

Larsen and Toubro
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Image: iSTOCK

SI Reporter Mumbai
Shares of Larsen & Toubro (L&T) continued to trade under pressure on Wednesday and dipped 2 per cent to hit an over nine-month low level of Rs 1,256 on the BSE over concerns of lower order inflow and revenue growth.

The stock of construction & engineering major was trading at its lowest level since February 26, 2019. It slipped 18 per cent from its recent high level of Rs 1,528 on September 29, as compared to 3 per cent rise in the S&P BSE Sensex. The stock is 4 per cent away from its 52-week low of Rs 1,202 on