War in West Asia was a cloud over L&T. The company has come out shining
Larsen & Toubro reported results.
· LiveMint Companies
L&T reported ₹1.48 trillion in new orders during the quarter, over a fourth more than the same period last year, taking its consolidated orderbook to a record ₹8.5 trillion—an impressive feat given that war-torn West Asis is its biggest market outside India.
The analysis
Larsen & Toubro reported ₹1.48 and ₹8.5. 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 -0.4% on the day at ₹3,665.10, and has returned -3.7% over three months. It sits 17% below its 52-week high. The infrastructure sector has moved -16.6% over the same period, so Larsen & Toubro is running 12.9 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.
Market context
- In focus: Larsen & Toubro (L&T) (LT), in Infrastructure.
- Over three months: Larsen & Toubro (L&T) -3.7% against Infrastructure -16.6% (12.9 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Larsen & Toubro (L&T)LT · Infrastructure | ₹3,665.10 | -0.4% | -5.5% | -3.7% | -17.0% | 0.8× | — |
Infrastructure
1M -11.4% · 3M -16.6%
Larsen & Toubro (L&T)
Prices as of 27 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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