L&T gains over 2%, hits record high on hopes of strong order inflows
Shares of Larsen & Toubro (L&T) hit a record high of Rs 2,361.90, up 2.5 per cent on the BSE in Friday’s trade on expectations that the civil construction major will report strong order inflows with healthy execution in March quarter (Q4FY23).
The stock surpassed its previous high of Rs 2,329.90, touched on April 11, 2023. In past one month, it has rallied 10 per cent, as compared to 5.5 per cent rise in the S&P BSE Sensex. Further, in past one year, the market price of L&T has surged 37 per cent, as against 5.7 per cent gain in the benchmark index.
The board of directors of L&T are scheduled to meet on May 10, 2023,
