52-week high alert: L&T wins mega orders from India & Oman

Today, the shares of Larsen & Toubro Limited reached a new 52-week high, touching the mark of Rs 3614 a piece on BSE. The company’s current market capitalisation is Rs 4,90,947.42 crore.

Recent development 

Larsen & Toubro’s Buildings & Factories (B&F) Business has secured notable orders in both India and Oman.

In India, the Residential Business within B&F has received a significant repeat order from the Government Planning & Development Authority, Maharashtra. The project involves the construction of Economically Weaker Section (EWS) Housing, comprising 14 towers and related infrastructure in Navi Mumbai. The scope includes the design and construction of civil structures, encompassing finishes, MEP (Mechanical, Electrical, Plumbing), and associated external development works. The project is slated for completion within 42 months.

Additionally, L&T’s Oman entity, under the B&F Business, has been awarded a contract for a Mixed-Use Development project in Muscat by a reputable private client. This project entails the construction of a 3-star hotel featuring 80 hotel rooms, 101 serviced apartments, and a 23-key residential apartment & office block, all with a common basement. The contract covers associated service buildings, external works, services, as well as hard and soft landscaping.

Investor Benefits 

• Portfolio Diversification: Investors holding L&T stock gain exposure to diverse markets like India and Oman, potentially diversifying their portfolios and mitigating risk.
• Brand Value & Share Price Appreciation: L&T’s reputation for quality and successful project completion can positively impact its brand value, potentially leading to greater investor confidence and higher share prices.

About the company 

Larsen & Toubro Ltd is a global conglomerate primarily focused on delivering engineering, procurement, and construction (EPC) solutions across pivotal sectors including Infrastructure, Hydrocarbon, Power, Process Industries, Defence, Information Technology, and Financial Services. The company operates in both domestic and international markets.

Furthermore, the stock has witnessed significant buying activity as it has given returns of more than 61% in the last 3 years.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.