Market Performance: L&T Share Price Stays Strong Despite Weak Mood
The L&T share price stayed firm even as the broader stock market today showed signs of caution. On January 2, shares of Larsen & Toubro moved up nearly 1%, touching a fresh 52-week high of ₹4,164.20 during the session.
While many stocks struggled to find direction, L&T quietly moved higher. The reason was simple—fresh business visibility and a solid order win that strengthened confidence around the stock.
Main News: ₹5,000–₹10,000 Crore SAIL Order Takes Center Stage
The trigger for the move came from an exchange filing. L&T confirmed that its Minerals & Metals (M&M) vertical has secured major orders from Steel Authority of India (SAIL) along with other domestic customers.
As per L&T’s internal classification:
- Orders valued between ₹5,000 crore and ₹10,000 crore are tagged as “major”
- These contracts are linked to EPC projects and product supply in the Indian metals sector
This single update was enough to shift sentiment around the L&T share price, pushing it to new highs.
Company Details: What the SAIL Project Involves?
L&T highlighted its long-standing association with SAIL, calling it a relationship built over several decades. Over the years, the partnership has delivered multiple metallurgical projects across India.
This latest order is tied to SAIL’s large expansion plan at the IISCO Steel Plant in Burnpur, West Bengal.
Key highlights of the project scope:
- Crude steel capacity expansion:
- From 2.5 MTPA
- To 6.5 MTPA
- L&T’s M&M vertical secured:
- Complete engineering
- Procurement
- Installation scope
Core process units included:
- Coke Oven Battery
- By-Product Plant
- Basic Oxygen Furnace
- Specialised material-handling equipment package
Together, these units will form the backbone of the expanded steel complex.
More Orders Add Depth to the Order Book
Beyond the SAIL project, L&T’s Minerals & Metals business also won multiple orders for specialised material-handling systems from clients across India.
These include:
- Stacker reclaimers
- Wagon tipplers
These wins further strengthen L&T’s presence across the minerals and metals value chain, adding depth rather than just headline value.
Order Momentum Builds Quickly
The momentum didn’t stop with just one announcement.
- L&T secured three orders worth ₹15,000 crore within a span of four days
- As of the September quarter, the company’s order book stood at ₹6,67,000 crore
A growing order book improves visibility and highlights sustained demand for the company’s execution capabilities—something markets tend to track closely.
L&T Share Price Trend: Strength Continues
Despite cautious market sentiment, the L&T share price has shown steady strength across timeframes.
Performance snapshot:
- Up over 3% in one month
- Gained 15.49% in six months
- Returned 220.28% in five years
Since its listing in 1999, the stock has seen a rise of 22,699%, marking a long-term wealth creation journey.
Other key price levels:
- 52-week high: ₹4,164.20
- 52-week low: ₹2,965.30 (April 7, 2025)
L&T shares are actively traded on both BSE and NSE.
Summary: What This Means for the Stock Market Today?
The latest move in the L&T share price reflects how the market responds to confirmed business wins, especially during uncertain phases in the stock market today.
A large SAIL order, quick succession of contract wins, and a strong order book base helped L&T stand out when many stocks struggled. The story here is not about forecasts or projections, but about visible execution and clear numbers already on the table.
Sometimes, markets move not on noise—but on solid updates. L&T’s latest session was a clear reminder of that.
Source: Livemint
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