Larsen and Toubro (L&T) has moved higher by 3% at Rs 1,311 bouncing back almost 4% from intra-day low on the National Stock Exchange.
The stock is outperforming the market by surging 19% intra-day low touched on Monday compared with a 5% gain in the benchmark index in past four trading days after bagging orders worth of Rs 7,693 crore from various business segments.
L&T has given an aggressive growth guidance of 15-20% in order inflows for FY2013, has bagged total orders worth of Rs 11,029 crore in first two-and-half months of current fiscal, according to announcements made to stock exchanges.
As many as a combined 2.93 million shares have changed hands on the counter so far, against an average 2.33 million shares that were traded daily in past two weeks on both the exchanges.