Larsen and Toubro gains 2 percent on strong revenue outlook

Published On: Friday, September 2, 2022 | By: Team KnowMyStock

Shares of Larsen & Toubro hit an over six-month high of Rs 1,951 after rising 2 percent on the BSE in Friday’s intra-day trade as the company’s strong order book of nearly Rs 4 trillion suggests good revenue visibility in coming years. The stock was the trading highest level since February 2, 2022. L&T primarily operates in infrastructure, heavy engineering, defense engineering, power, hydrocarbon, and services business segments. The consolidated order book of the group was at a record Rs 3.63 trillion as on June 30, 2022, with international orders having a share of 28 percent In the April-June quarter (Q1FY23), L&T secured orders worth Rs 41,805 crore at the group level, registering a growth of 57 percent over the corresponding quarter of the previous year. The domestic order environment in Q1FY23 was also significantly better compared to Q1FY22.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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