L&T Stock Climbs 26% From March Low, Extends Rally

Shares of Larsen & Toubro moved higher on Thursday, continuing gains from the previous session. The stock has risen nearly 5% over two days and is up 26% from its recent low of ₹3,288.65 touched on 23 March 2026.

On 16 April at 1:26 PM, L&T shares were trading at ₹4,094.80, up 0.46% on the BSE.

What’s Driving The L&T Share Price?

On 21 March 2026, L&T said 95% of its 100+ project sites in West Asia remain operational, while 5% are temporarily paused near conflict areas. The region contributes 33% of revenue and 37% of the company’s ₹7.33 trillion order backlog.

The company reported order inflows of about ₹3.46 trillion in the first nine months of FY26, with one-third coming from West Asia. It added that operations, billing, and order inflows remain stable, though logistics disruptions and higher input and insurance costs persist.

Separately, L&T dispatched its seventh 700 MWe steam generator to the Nuclear Power Corporation of India (NPCIL).

Nuclear Projects And Order Pipeline

India is expected to invite bids within 3 to 6 months for a 220 MWe Bharat Small Modular Reactor project, estimated at ₹5,960 crore. The project has been planned by the Bhabha Atomic Research Centre and NPCIL as part of its ₹20,000 crore Nuclear Energy Mission.

As part of this mission, the country plans to develop at least five SMRs by 2033 and achieve 100 GW capacity by 2047.

Firms like L&T and Bharat Heavy Electricals have an opportunity here.

Also Read - US Tightens Oil Sanctions: What Changes For India Now?

What Does The Outlook Look Like?

The West Asia situation may impact near-term prospects due to the company’s exposure to the region and possible raw material constraints.

At the same time, there are no reports of project cancellations or payment delays. The long-term outlook for its Middle East business remains unchanged.

Following the completion of Project Lakshya in FY26, the company is expected to outline its next set of targets for FY31. Focus areas include defence, thermal power EPC, real estate, semiconductor design, and data centres.

Source:

Business Standard