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Larsen & Toubro trades higher for fourth straight day; stock surges 7%

L&T said its construction arm secured large orders from prestigious clients for its various businesses.

Larsen and Toubro
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Image: iSTOCK

SI Reporter Mumbai
Shares of Larsen & Toubro (L&T) were trading higher for the fourth straight day on Tuesday. The stock jumped 7 per cent to Rs 968.25 in intra-day deal on the BSE after the company bagged large contracts worth more than Rs 2,500 crore.

At 01:38 pm, L&T was the top gainer among 30-share S&P BSE Sensex, as compared to a 1 per cent rise in the benchmark index. In the past four trading days, the stock has rallied 9.5 per cent from Rs 884.55 on June 17.

The construction arm of L&T has secured orders from prestigious clients