L&T share price edges higher despite weak Indian stock market. Here’s why
Larsen & Toubro (L&T) share price rallied nearly 2% on Monday despite a weakness in the broader Indian stock market. L&T shares gained as much as 1.96% to ₹3,226.90 apiece on the BSE.
Gains in L&T stock price comes after the company announced that it won a large order for its Power Transmission & Distribution business.
“The Power Transmission & Distribution (PT&D) vertical of Larsen & Toubro has won new orders in India and abroad. In India, it has won an order to implement 765kV and 400kV transmission line segments associated with a Renewable Energy Zone in Uttar Pradesh,” Larsen & Toubro said in a regulatory filing on Monday.
Prior to this, the business secured an order for turnkey construction of a 400kV transmission line, meant…
