Multibagger stock: This infrastructure giant bags huge work orders worth more than Rs 1000 crore!
The stock has risen over 35 per cent in the last one year.
On May 17, 2023, Larsen & Toubro Limited informed in the exchange filing that the company’s buildings & factories (B&F) business has recently secured EPC orders in India ranging between Rs 1,000 – 2,500 crores.
The company has won an order from a reputed developer to construct residential towers in Thane, Mumbai. The scope of the work includes construction of core and shell works for 5 towers comprising ground, 5 podiums, 54 floors and allied parking areas. The project is to be executed within stringent timelines.
Furthermore, B&F Fast, one of the verticals of the business, has secured an order from a prestigious client to construct commercial office space in Bengaluru with an approximate built-up area of 16 lakhs sq. ft.
Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors - Hydrocarbon, Infrastructure, Power, Process Industries and Defence - for customers in many countries around the world.
Today, the stock opened at Rs 2234.95 with a high and low of Rs 2234.95 and Rs 2193.00. The stock previously closed at Rs 2219.45. Currently, the stock is trading at Rs 2200.95, down by 0.83 per cent. It has a 52-week high of Rs 2416.00 and a 52-week low of Rs 1456.80. The stock has delivered multibagger returns of more than 170 per cent in the last three years.
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