InvestorQ : Why was Larsen & Toubro up so sharply on 23 June? Do you see further upsides on the stock?
Arti Chavan made post

Why was Larsen & Toubro up so sharply on 23 June? Do you see further upsides on the stock?

Answer
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3 months ago


The sharp 7% rally in Larsen & Toubro on 23 June was largely driven by large contracts for its various businesses. These include the Delhi-Vadodara Expressway valued at close to Rs.5000 crore. The Delhi Vadodara Expressway when completed will be the country's longest expressway. The overall score includes 8-lane Greenfield expressways with adjacent support like pavement, service roads, rail over bridges, underpass etc.

In addition, L&T secured EPC orders from Uttar Pradesh state to implement water supply schemes for Shivhar and Parasi group of villages in Mahoba and Sonbadhra districts. The project is designed to provide safe and potable drinking water to 3.78 lakh rural households. This is part of the program to provide piped drinking water to every rural household.