Larsen & Toubro rallies 15% in a month, nears record high

L&T was up 2 per cent at Rs 1,538 on the BSE, trading close to its all-time high level of Rs 1,593 touched on February 2, 2021

Shares of Larsen & Toubro (L&T) were up 2 per cent at Rs 1,538 on the BSE in intra-day trade on Friday in an otherwise range-bound market. The stock of the construction & engineering major was trading at its highest level since March 12, 2021. It was hovering close to its all-time high level of Rs 1,593 touched on February 2, 2021. The S&P BSE Sensex was up 0.10 per cent at 52,282 points at 09:25 am. 

L&T has outperformed the market by surging 15 per cent in the past one month on expectations of healthy orders from both domestic and