Shares of Larsen & Toubro Ltd (LT) rose 1.82% to ₹3,542.85 in Wednesday trading after the company reported its highest-ever quarterly order inflow. The stock is currently trading near the upper end of its 52-week range of ₹3,210.00 to ₹3,915.00. The rally follows a landmark quarter where the firm’s consolidated order book surpassed the ₹7 trillion mark for the first time, signaling strong execution visibility for the multi-year infrastructure cycle in India and the Middle East.
Company Description
Larsen & Toubro is an Indian multinational conglomerate specializing in Engineering, Procurement, and Construction (EPC) projects, high-tech manufacturing, and services. It operates across several sectors including infrastructure, hydrocarbon, power, defense, and IT. With a footprint in over 50 countries, its business model leverages large-scale project management and technological expertise to serve government and private sector clients.
Current Stock Price
₹3,542.85
Market Capitalization
₹4.87 trillion ($58.5 billion)
Valuation
L&T carries a forward P/E multiple of 31.4x. While at a premium to historical averages, the valuation is supported by a record backlog and the diversification into high-margin segments like Green Energy and Data Centers.