Larsen & Toubro: Surprising Soar in the Indian Market

After an unexpectedly strong second quarter, the stock of Indian infrastructure developer Larsen & Toubro distinguished itself with an impressive rise of over 5%. This positive development follows the announcement that the company is maintaining its full-year order forecast and surprised some analysts with an impressive order execution during a seasonally weak period. Larsen & Toubro remains confident and aims for order growth of 10% by March 2025. In the last quarter, the company already recorded a 77% increase in the infrastructure segment—its main business area. This provided additional momentum on the stock exchange. Recently, the stock was quoted at 3,591.60 Indian rupees, an increase of 5.4%, marking the second-largest gainer in the renowned Nifty 50 index.