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videos | IST

Here's why L&T stock is buzzing in trade

Larsen & Toubro (L&T) was buzzing in trade today (16 December) on the back of orders picking up and brokerages betting on the stock.

Larsen & Toubro (L&T) was buzzing in trade today (16 December) on the back of orders picking up and brokerages betting on the stock.
CNBC-TV18's Agam Vakil reports that the stock has moved up 12 percent in this month largely on two factors - one is, large marquee orders that have come through - one of them is Mumbai-Ahmedabad high speed rail project and second is the river bridge over Brahmaputra that connects Assam and Meghalaya. The second factor for the up move is low valuations, based on which some brokerage house have given a buy call on the stock.
Watch video for more.