L&T Realty eyes ₹25,000 crore launches across three cities in H2FY27

Larsen & Toubro reported ₹25,000 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -2.2% on the day at ₹3,688.10, and has returned -7.5% over three months. It sits 16% below its 52-week high. The infrastructure sector has moved -14.3% over the same period, so Larsen & Toubro is running 6.9 points ahead of its peers.

For Larsen & Toubro, the question is how much of this is already reflected in the price and how much re-rates the infrastructure peer set alongside it.