L&T wins large orders for Central Secretariat, Amaravati office towers
Larsen & Toubro secured new business.
· BS Companies
The orders cover two Central Secretariat buildings in New Delhi and two 47-storey office towers in Amaravati, with the projects scheduled for completion in 24 months and 30 months…
The analysis
Against that, the stock is -0.5% on the day at ₹3,644.50, and has returned -5.2% over three months. It sits 18% below its 52-week high. The infrastructure sector has moved -16.5% over the same period, so Larsen & Toubro is running 11.3 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.
Market context
- The company directly in focus is LT.
- Sector exposure: Infrastructure.
In this story
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