L&T gains 7% thus far in December; beats market on steady order inflow

Order inflow is expected to be good in H2FY22 given the expected high activity in tendering in and awarding

Shares of Larsen & Toubro (L&T) were up 1 per cent on the BSE in Thursday's intra-day trade, quoting higher for the third straight day. Thus far in the month of December, the stock of the construction & engineering major has outperformed the market by gaining 7 per cent on the back of strong order inflows. In comparison, the S&P BSE Sensex and Nifty50 index were up 0.27 per cent each during the same period. The stock had hit a record high of Rs 1,982.95 on November 15, 2021.

In the past 10 days, L&T has announced winning of