L&T: Recent orders add strength

Steady pick-up in domestic order execution and stable West Asia business provide confidence

Ujjval Jauhari  |  New Delhi 

Larsen & Toubro (L&T), which continues to gain on the bourses, scaled its 52-week high on Wednesday, and at Rs 1,227 levels is pretty close to its all-time high of Rs 1,248. While prospects across its businesses are seen improving gradually, receipt of new orders has been the latest trigger. And, if analysts are to be believed, there could be more gains in the counter of India’s largest construction and engineering major.  Among recent orders, L&T’s construction business won contracts worth Rs 2,525 crore last week, while the company also announced securing orders ...

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First Published: Thu, September 21 2017. 23:59 IST