Rs 4 lakh crore order book: This civil construction receives order worth approx. Rs 2,500 crore from MNC; hits 52-week high!
The stock is up by 65 per cent in 1 year and gave multibagger returns of over 160 per cent in the last 3 years.
The Buildings & Factories Fast Business of Larsen & Toubro (L&T), Construction has recently secured an EPC order in Mumbai for an Office Space Development using Composite Steel Construction Technology. The order is received from a Multinational Company for the Construction of Commercial Office Space in Mumbai with an approximate built-up area of 14.85 lakh sq. ft.
The project scope involves Engineering, Procurement & Construction including Civil Works, Composite Steel, Façade, MEP & External Development Activities to construct 6B+G+12 Floors. The project is scheduled to be completed in 2026. This is a testament to the expertise of the business vertical in the fast-track execution of steel structures with Composite Steel Technology. The order is worth approx. Rs 2,500 crore.
On Thursday, the shares of Larsen and Toubro Ltd zoomed 0.76 per cent to Rs 2,489.25 per share with an intraday high of Rs 2,499.90 and an intraday low of Rs 2,464.35. The stock also traded at a new 52-week high of Rs 2,499.90 per share.
DSIJ offers a service 'multibagger Pick" with recommendations for multibagger stocks based on research and analysis to help subscribers make informed investment decisions. If this interests you, then do download the service details pdf here
Recently, Larsen & Toubro and DRDO signed a contract for the realisation of two Air Independent Propulsion (AIP) System Modules for Kalvari Class of Submarines of the Indian Navy.
Also, L&T expanded its hi-tech manufacturing capability, inaugurating a new state-of-the-art, advanced Heavy Wall Pressure Vessel facility in Saudi Arabia, as a part of the IKTVA initiative of Aramco and Saudi Vision 2030.
Larsen & Toubro Ltd is a leading Indian multinational company mainly engaged in EPC projects, Hi-Tech manufacturing and services. The company recorded the highest order book of Rs 4 lakh crore and order inflows for FY23 were over 2 lakh crore (19 per cent YoY growth).
The stock is up by 65 per cent in 1 year and gave multibagger returns of over 160 per cent in the last 3 years. Investors must keep this stock on their watch list.
Related articles
-
1,276-MW order book: This multibagger heavy electrical company bags repeat order for 279 MW for its 3 MW WTGs from a large C&I player; scrip hits 52-week high!
-
Rs 68,000 crore order book: This multibagger aerospace & defence company bags huge orders worth Rs 8,793 crore from Indian Army; hit 52-week high!
-
President of India’s portfolio gains Rs 19,79,68,53,618 in just 1 day from this multibagger stock; Company bags new order worth Rs 2,956.89 crore from Ministry of Defence
-
Rs 17,000 crore order book: This multibagger smart prepaid meters manufacturing company bags new order worth Rs 3,121.42 crore from State Electricity Boards!
-
Rs 295 crore order book: This multibagger engineering company delivers order worth Rs 5,00,00,000 to international manufacturer in Thailand!
-
Rs 11,000 crore order book: This multibagger small-cap company incorporates SPV for its smart meters order worth Rs 2,247.37 crore; hits upper circuit & 52-week highs!
-
Rs 4.13 lakh crore order book: This civil construction company has secured new orders worth Rs 5,000 crore in the Middle East; stock hit 52-week high!
-
Rs 41,479 crore order book: This multibagger shipbuilding company receives contract worth Rs 2,724.63 crore from Indian Navy!
-
This multibagger civil construction company joins hands with DRDO for Submarines of Indian Navy; hits 52-week!
-
Rs 18,824.43 crore order book: This multibagger civil construction company receives order worth Rs 426.57 crore; stock hits 52-week high!
-
FIIs bought 1,00,000 shares and Rs 1,695 crore order book: This multibagger telecom infrastructure company bags new orders worth Rs 1,30,64,87,640
-
Rs 12,650 crore order book: This multibagger civil construction company bags new order worth Rs 4,123.88 crore from Brihanmumbai Municipal Corporation
-
Madhuri Madhusudan Kela’s portfolio stock with Rs 1,499 crore order book: This electrical equipment company bags new order worth Rs 232 crore from Power Grid Corporation of India Limited
-
Rs 4,69,800 crore order book: This multibagger civil construction company bags approx. Rs 2,500 crore railway order to construct Jakarta Mass Rapid Transit Project
-
Rs 2,935 lakh order book & DIIs increase stake: This multibagger micro-cap telecom equipment company receives a new order worth USD 2,39,000 from Balkantel OOD
-
Rs 91,000 crore order book: This multibagger aerospace & defence company bags new orders worth Rs 2,282.06 crore from Indian Navy & various other clients!
-
Rs 1,08,618 crore order book: This multibagger heavy electrical equipment company bags new order worth Rs 5,500 crore from HPGCL
-
Rs 7,678 crore order book: This multibagger telecom infrastructure company bags new order worth Rs 141 crore from Bharat Sanchar Nigam Ltd
-
Multibagger penny stock at Rs 22: This electrical equipment company bags new orders worth Rs 40,00,00,000 in West Bengal
-
Rs 3,699 crore order book: This multibagger heavy electrical equipment company bags new orders worth Rs 12,35,46,000 from National Thermal Power Corporation