L&T gains 3% in two days, hits record high on strong order prospects

The inflow momentum looks set to continue with a strong Rs 6.3 trillion-prospective pipeline and better conversion ratio

Shares of Larsen & Toubro (L&T) gained 1 per cent and hit an all-time high of Rs 2,079.60 on the BSE in Friday’s intra-day trade on strong order prospects. The stock of the engineering & construction company has surpassed its previous high of Rs 2,078.20, touched on January 18, 2022. In comparison, the S&P BSE Sensex was down 0.06 per cent at 62,238, at 09:30 am.

In the past two trading days, L&T has gained 3 per cent after the company won an order worth Rs 1,000-2,500 crore from Greenko Group, one of the world's leading renewable energy companies,