L&T hits new high on winning significant orders; stock up 11% in 6 days

The company's construction arm has secured significant orders (ranging between Rs 1,000 to Rs 2,500 crore) for its businesses in India.

Shares of Larsen & Toubro (L&T) hit a new high of Rs 1,964, up 2 per cent on the BSE in intra-day trade on Tuesday after the company’s construction arm secured significant orders (ranging between Rs 1,000 to Rs 2,500 crore) for its businesses in India.

The stock of construction & engineering major was quoting higher for the sixth straight trading day and rallied 11 per cent during the same period. At 02:54 pm; L&T was trading a per cent higher at Rs 1,944, as compared to 0.46 per cent decline in the S&P BSE Sensex.

L&T Construction