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L&T hits new high ahead of Q3 results; market-cap crosses Rs 2 trillion

Thus far in January, L&T outperformed the market by surging 15% as compared to 7% rise in the S&P BSE Sensex

A sign of Larsen and Toubro (L&T) is placed on a road divider in Mumbai
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A sign of Larsen and Toubro (L&T) is placed on a road divider in Mumbai

SI Reporter Mumbai
Larsen & Toubro (L&T) hit a new high of Rs 1,441, up 2% on BSE in intra-day trade, ahead of its October-December 2017 quarter (Q3FY18) earnings on Wednesday, January 31, 2018.

Thus far in January, the stock of engineering & construction major outperformed the market by surging 15% as compared to 7% rise in the S&P BSE Sensex. A strong rally in L&T stock has seen its market capitalisation (market-cap) crossing Rs 2 trillion today.

At 11:10 AM; L&T with market-cap stood at Rs 2.01 trillion (Rs 200,614 crore), the BSE data shows. L&T stands at 13th rank

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