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What is the story about?
Shares of Larsen & Toubro (L&T) extended their gains for the fourth consecutive trade session on Monday, November 2, after the company said its residential, commercial buildings and factories (RCF) vertical had bagged multiple orders worth up to ₹2,500 crore.
L&T classifies orders in the ₹1000 and ₹2,500 crore range as "significant".
The orders include the construction of two residential developments in Mumbai and Bengaluru, along with a commercial development in Hyderabad.
In Mumbai, L&T secured an order to construct nine residential towers, each comprising one basement and 50 floors.
In Bengaluru, it won a contract to build nine residential towers, each with three basements and 25 floors.
The Hyderabad project involves constructing a premium commercial tower with five basements and 22 floors.
The company said it also received additional orders for some of its ongoing projects.
Strongest Quarterly Order Inflow
Last month, L&T reported its highest-ever order inflow of around ₹1.5 lakh crore, up 27.5% from approximately ₹1.2 lakh crore a year earlier for the second quarter.
The company said the growth was driven by "ultra-mega" and "mega" orders in its conventional energy businesses. This in turn, had helped the company deliver strong results for the second quarter.
Its consolidated order book rose 28% year-on-year to ₹8.54 lakh crore, with international orders accounting for 54%. L&T estimated its near-term addressable prospects pipeline at around ₹10 lakh crore.
Stock reaction
Shares of Larsen and Toubro gained 2.1% to hit an intraday high of ₹3,953.1 apiece on Monday. The stock has risen 7.9% over the last four sessions.
The stock was up 1.8% at ₹3942.8 apiece at 11.04 am on Monday. It has risen 5.3% in the past month but is down 4.6% in 2026, so far.
Also Read: Delhivery shares surge nearly 10% after Q2 results; analysts see up to 42% more upside
L&T classifies orders in the ₹1000 and ₹2,500 crore range as "significant".
The orders include the construction of two residential developments in Mumbai and Bengaluru, along with a commercial development in Hyderabad.
In Mumbai, L&T secured an order to construct nine residential towers, each comprising one basement and 50 floors.
In Bengaluru, it won a contract to build nine residential towers, each with three basements and 25 floors.
The Hyderabad project involves constructing a premium commercial tower with five basements and 22 floors.
The company said it also received additional orders for some of its ongoing projects.
Strongest Quarterly Order Inflow
Last month, L&T reported its highest-ever order inflow of around ₹1.5 lakh crore, up 27.5% from approximately ₹1.2 lakh crore a year earlier for the second quarter.
The company said the growth was driven by "ultra-mega" and "mega" orders in its conventional energy businesses. This in turn, had helped the company deliver strong results for the second quarter.
Its consolidated order book rose 28% year-on-year to ₹8.54 lakh crore, with international orders accounting for 54%. L&T estimated its near-term addressable prospects pipeline at around ₹10 lakh crore.
Stock reaction
Shares of Larsen and Toubro gained 2.1% to hit an intraday high of ₹3,953.1 apiece on Monday. The stock has risen 7.9% over the last four sessions.
The stock was up 1.8% at ₹3942.8 apiece at 11.04 am on Monday. It has risen 5.3% in the past month but is down 4.6% in 2026, so far.
Also Read: Delhivery shares surge nearly 10% after Q2 results; analysts see up to 42% more upside
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