Synopsis
According to analyst estimates, it has grabbed orders worth Rs 47,000 crore in the third quarter till December 18 following two mega wins from the bullet train project between Mumbai and Ahmedabad.
ET Intelligence Group: Larsen and Toubro, the country’s largest engineering and infrastructure company, has rebounded once again on bourses after months of sluggishness. The stock has outperformed the benchmark index by 22% over the past two months compared with the 19% underperformance in the previous seven months. The momentum is expected to sustain given the renewed order flow, rising execution and reasonable valuation.The company has stopped
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