L&T hits new high on winning significant contracts for various businesses

Shares of Larsen & Toubro (L&T) hit a new high of Rs 1,638.65, up 1 per cent on the BSE in the intra-day trade on Monday, in an otherwise weak market, after the construction & engineering major said, L&T Construction, the construction arm of the company, has won a slew of orders in India and abroad for its various businesses. According to L&T, the order value ranges between Rs 1,000 crore and Rs 2,500 crore.


The stock was trading higher for the sixth trading session. It surpassed its previous high of Rs 1,624.90, touched on July 15, 2021. In comparison, the S&P BSE Sensex was down 0.68 per cent at 52,781 points at 11:40 am. In the past one week, L&T has outperformed the market by gaining 9 per cent, as against a 0.72 per cent rise in the benchmark index.




The power transmission and distribution business has won an order to construct a 220kV transmission line associated with system strengthening…

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