L&T nears 52-week high as it secures orders worth Rs 18,549 cr in March

Thus far in March, the stock outperformed the market by gaining 8% as compared to 3% rise in Sensex

Larsen & Toubro (L&T) was up 2% at Rs 1,583, its highest level since August 1, 2016 on BSE, after the company has secured more than Rs 18,000 crore new orders in the month of March.

The stock of construction & engineering major is quoting close to its 52-week high of Rs 1,615 touched on July 27, 2016 in intra-day trade.

Thus far in the current month, it outperformed the market by gaining 8% as compared to 3% rise in the S&P BSE Sensex.

L&T has secured orders worth of Rs 18,549 crore during the month of