Good News: This multibagger company wins (major*) contracts from a prestigious overseas client! Do you own it?

Kiran Shroff
/ Categories: Trending, Mindshare
Good News: This multibagger company wins (major*) contracts from a prestigious overseas client! Do you own it?

The stock is up by 26.73 per cent in 6 months and gave multibagger returns of 157.42 per cent in the last 2 years.

Today, the shares of Larsen and Toubro Ltd surged 2.19 per cent to an intraday high of Rs 2,226 per share from its previous closing of Rs 2,178.20. At 03:30 pm, shares of the company ended the day in green, up 1 per cent to Rs 2,220 per share.  

L&T Ltd informed the exchanges that The Hydrocarbon Business (L&T Energy Hydrocarbon – LTEH) of Larsen & Toubro (L&T) has secured multiple offshore packages (major*) from a prestigious overseas client. The scope of work comprises engineering, procurement, construction & installation of offshore structures and upgradation of existing facilities.   

Organized under Offshore, Onshore, Construction Services, Modular Fabrication and Advanced Value Engineering & Technology (AdVENT) verticals, LTEH offers integrated design-to-build solutions across the hydrocarbon sector to domestic and international customers.  

 Larsen & Toubro Ltd is a leading Indian multinational company mainly engaged in EPC projects, Hi-Tech manufacturing and services. The company reported amazing results in both quarterly and annual financial statements. In Q3FY23, net sales rose by 17.26 per cent and net profit rose by 21.50 per cent compared to Q3FY22.  

The stock is up by 26.73 per cent in 6 months and gave multibagger returns of 157.42 per cent in the last 2 years. Investors must keep this Large-Cap stock on their watch list.   

*Project Classification  

Classification  

Significant  

Large  

Major  

Mega  

Value in (Rs) (crore)  

1,000 to 2,500  

2,500 to 5,000  

5,000 to 7,000  

more than7,000  

 

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