L&T nears 52-week high; stock surges 51% in 3 months on strong order flow

In the past one month, L&T has bagged one mega, three large and four significant orders, that are together worth over Rs 25,000 crore

Shares of Larsen & Toubro were up 2.5 per cent at Rs 1,347 on the BSE in the intra-day trade on Thursday, having rallied over 50 per cent in the past three months, on the back of strong order flows.

The stock of construction & engineering major was trading close to its 52-week high of Rs 1,384, touched on February 1, 2020. In the past three months, L&T has outperformed the market by surging 51 per cent, as against a 21-per cent rise in the S&P BSE Sensex.

L&T on Thursday announced that its arm L&T Hydrocarbon Engineering, a wholly-owned