L&T share rose nearly 6% today after the company's construction arm secured orders for two of its businesses. Stock of L&T touched an intraday high of Rs 1,263.6, rising 5.8% on BSE. The large cap stock has gained 12.07% in the last 8 days.
Larsen & Toubro share stands higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
The share has lost 4.36% in one year and fallen 4% since the beginning of this year. However, the share has gained 17.87% in one month. Later, the share closed 4.52% or Rs 54 higher at Rs 1248 against previous close of Rs 1,194 on BSE.
Market cap of the firm rose to Rs 1.75 lakh crore.
Larsen & Toubro Ltd's construction arm has been awarded "significant" contracts in the range of ?1,500 crore- ?2,500 crore for its various businesses, the company stated in a regulatory filing on Monday.
The firm's building and residential business received an add-on order from a "reputed developer" for works of two wings of a tower in addition to the non-tower area works.
The business has also won a design-and-build order from a reputed client to construct a multispecialty hospital at Nagpur. The IT and office space business received an order from a reputed client for a mixed-used building at Bengaluru.
L&T Construction's power transmission and distribution business secured another package for providing Electrical and Mechanical Systems for tunnels in the Udhampur-Srinagar-Baramulla rail link project.
Meanwhile, Sensex rose 154 points to 46,253 and Nifty ended 44 points higher at 13,558. During today's early session, Sensex hit an all-time high of 46,373 and Nifty too logged a record high of 13,597.
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