−17% from the high · +12% from the low
Short build-up into a 26-day expiry: futures OI +2.3% on a −1.8% day, the most call OI sits at 4,000, the most put OI at 3,800, max pain 3,900.
LT futures closed at ₹3,714.50, +0.6% to spot, with 90% of open interest in the 27 Oct contract, and the 3,700 straddle prices a move of about ±4.6% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹3,714.50 | +21.10+0.6% | +8.0% | 64,000▲ +2.2% · +1,400 lots | 90 | 6,500 |
| 23 Nov53 days | ₹3,733.00 | +39.60+1.1% | +7.4% | 7,400▲ +2.1% · +150 lots | 10 | 390 |
| 29 Dec89 days | ₹3,758.60 | +65.20+1.8% | +7.2% | 79▲ +146.9% · +47 lots | 0.11 | 88 |
10% of futures OI sits beyond the 27 Oct contract · 44 of 52 listed contracts traded · 53,000 option contracts changed hands
The 3,700 straddle closed at ₹170.00 (call 92.50 + put 77.50), pricing a move of about ±4.6% by the 27 Oct expiry. In the last 253 windows of 19 sessions, LT moved more than that 121 times.
After the last 8 bulletins, LT closed higher five sessions later in 2 of 6.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 30 SeptL&T secures two major contracts in Dubai worth ₹5,000 cr | ▼ −1.8%Nifty −0.9% · −0.9 pp | —not reached | —not reached | ▲ +2.3%short build-up |
| 30 SeptL&T unit wins large contract in Dubai worth ₹7,500 crore | ▼ −1.8%Nifty −0.9% · −0.9 pp | —not reached | —not reached | ▲ +2.3%short build-up |
| 19 SeptCLSA sees 35% upside for HAL, BEL, L&T on defence capex | ▲ +0.5%Nifty +0.3% · +0.2 pp | ▼ −0.5%Nifty −0.1% · −0.4 pp | ▼ −3.0%Nifty −2.4% · −0.6 pp | ▼ −1.5%short covering |
| 18 SeptCLSA sees 35% upside for HAL, BEL, L&T from defence capex | ▲ +0.5%Nifty +0.3% · +0.2 pp | ▼ −0.5%Nifty −0.1% · −0.4 pp | ▼ −3.0%Nifty −2.4% · −0.6 pp | ▼ −1.5%short covering |
| 17 SeptL&T Offshore secures major EPCIC contract from ONGC | ▲ +1.3%Nifty +0.3% · +0.9 pp | ▲ +1.8%Nifty +0.6% · +1.2 pp | ▲ +1.0%Nifty −0.6% · +1.6 pp | ▼ −1.0%short covering |
| 16 SeptL&T secures ₹2,500–5,000 cr ONGC offshore contract | ▼ −1.1%Nifty +0.4% · −1.6 pp | ▼ −0.4%Nifty +0.7% · −1.0 pp | ▲ +2.1%Nifty +1.4% · +0.6 pp | ▲ +1.3%short build-up |
| 20 AugMarkets decline as crude oil prices rise | ▲ +1.0%Nifty +0.6% · +0.3 pp | ▲ +1.3%Nifty +0.7% · +0.6 pp | ▼ −0.3%Nifty +0.1% · −0.4 pp | ▼ −0.1%short covering |
| 19 AugL&T secures ₹15,000 cr AI data centre order | ▼ −0.6%Nifty −0.3% · −0.3 pp | ▲ +0.4%Nifty +0.3% · +0.1 pp | ▼ −0.6%Nifty +0.2% · −0.9 pp | ▼ −0.7%long unwinding |
Revenue ₹67,942 cr, +6.7% on a year earlier; profit ₹4,988 cr, +16% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 28 Jul | ₹67,942 cr | ▲ +6.7% | ₹4,988 cr | ▲ +16% | 29.96 | —not reached |
| Mar 2026filed 5 May · audited | ₹82,762 cr | ▲ +11% | ₹6,133 cr | ▲ +12% | 38.70 | ▼ −1.1%Nifty +1.2% · −2.4 pp |
| Dec 2025filed 28 Jan | ₹71,450 cr | ▲ +10% | ₹3,825 cr | ▼ −3.8% | 23.36 | ▲ +3.7%Nifty +0.3% · +3.4 pp |
| Sept 2025filed 29 Oct | ₹67,984 cr | ▲ +10% | ₹4,678 cr | ▲ +14% | 28.53 | —not reached |
| Jun 2025filed 29 Jul | ₹63,679 cr | ▲ +16% | ₹4,318 cr | ▲ +25% | 26.29 | —not reached |
| Mar 2025filed 9 May | ₹74,392 cr | ▲ +11% | ₹5,497 cr | ▲ +9.7% | 39.95 | —not reached |
| Dec 2024filed 31 Jan | ₹64,668 cr | ▲ +17% | ₹3,974 cr | ▲ +11% | 24.41 | —not reached |
| Sept 2024filed 31 Oct | ₹61,555 cr | ▲ +21% | ₹4,099 cr | ▲ +6.6% | 24.68 | —not reached |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹2,85,874 cr | ▲ +12% | ₹18,954 cr | ▲ +11% | 116.88 |
| FY25to Mar 2025 | ₹2,55,734 cr | ▲ +16% | ₹17,015 cr | ▲ +9.4% | 109.29 |
| FY24to Mar 2024 | ₹2,21,113 cr | — | ₹15,547 cr | — | 94.02 |
LT trades at 31 times trailing earnings against 31 for its industry, 4.0 times book value, revenue +9.8% over twelve months, a 2.1% dividend yield, market cap ₹5,10,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| LTLarsen & Toubro Limited | 5,10,000 cron 1 Oct | 31consolidated | 4.0 | ₹3,693.40 |
| RVNLRail Vikas Nigam Limited | 41,000 cron 1 Oct | 46consolidated | 4.2 | ₹197.00 |
| KPILKalpataru Projects International Limited | 23,000 cron 1 Oct | — | 3.0 | ₹1,356.40 |
| NBCCNBCC (India) Limited | 21,000 cron 1 Oct | 28consolidated | 6.5 | ₹77.40 |
| IRBIRB Infrastructure Developers Limited | 21,000 cron 1 Oct | — | 0.98 | ₹17.00 |
| CEMPROCemindia Projects Limited | 20,000 cron 1 Oct | — | 8.4 | ₹1,178.90 |
| ENGINERSINEngineers India Limited | 18,000 cron 1 Oct | — | 5.6 | ₹312.75 |
| TECHNOETechno Electric & Engineering Company Limited | 12,000 cron 1 Oct | — | 2.8 | ₹998.60 |
| IRCONIrcon International Limited | 10,000 cron 1 Oct | — | 1.6 | ₹110.25 |
| RITESRITES Limited | 10,000 cron 1 Oct | — | 3.6 | ₹209.50 |
| WELENTWelspun Enterprises Limited | 10,000 cron 1 Oct | — | 3.1 | ₹724.45 |
| KECKEC International Limited | 9,900 cron 1 Oct | — | 1.6 | ₹372.35 |
| AFCONSAfcons Infrastructure Limited | 8,900 cron 1 Oct | — | 1.6 | ₹242.40 |
| NCCNCC Limited | 8,200 cron 1 Oct | — | 1.0 | ₹130.05 |
| POWERMECHPower Mech Projects Limited | 7,800 cron 1 Oct | — | 3.0 | ₹2,476.20 |
| GRINFRAG R Infraprojects Limited | 7,600 cron 1 Oct | — | 0.81 | ₹790.20 |
| ISGECIsgec Heavy Engineering Limited | 6,800 cron 1 Oct | — | 2.3 | ₹919.70 |
| CEIGALLCeigall India Limited | 6,600 cron 1 Oct | — | 3.1 | ₹380.10 |
| DBLDilip Buildcon Limited | 6,500 cron 1 Oct | — | 0.93 | ₹399.10 |
| HCCHindustan Construction Company Limited | 5,300 cron 1 Oct | — | 2.5 | ₹20.25 |
| LCCPROJECTLCC Projects Limited | 4,400 cron 1 Oct | — | — | ₹151.45 |
| SWSOLARSterling and Wilson Renewable Energy Limited | 3,800 cron 1 Oct | — | 5.9 | ₹164.80 |
| AHLUCONTAhluwalia Contracts (India) Limited | 3,700 cron 1 Oct | — | 1.8 | ₹555.90 |
| PNCINFRAPNC Infratech Limited | 3,500 cron 1 Oct | — | 0.52 | ₹138.15 |
| JKILJ.Kumar Infraprojects Limited | 3,500 cron 1 Oct | — | 1.0 | ₹461.85 |
| KNRCONKNR Constructions Limited | 3,200 cron 1 Oct | — | 0.64 | ₹113.30 |
| VINDHYATELVindhya Telelinks Limited | 3,100 cron 1 Oct | — | 0.74 | ₹2,617.00 |
| PSPPROJECTPSP Projects Limited | 3,000 cron 1 Oct | — | 2.3 | ₹747.10 |
| ASHOKAAshoka Buildcon Limited | 3,000 cron 1 Oct | — | 0.45 | ₹105.30 |
| INTERARCHInterarch Building Solutions Limited | 2,800 cron 1 Oct | — | 3.2 | ₹1,666.90 |
| HGINFRAH.G. Infra Engineering Limited | 2,700 cron 1 Oct | — | 0.83 | ₹419.90 |
| PATELENGPatel Engineering Limited | 2,600 cron 1 Oct | — | 0.58 | ₹25.90 |
| GKENERGYGK Energy Limited | 2,300 cron 1 Oct | — | 2.6 | ₹114.75 |
| SIMPLEXINFSimplex Infrastructures Limited | 1,900 cron 1 Oct | — | 2.0 | ₹245.00 |
| RAMKYRamky Infrastructure Limited | 1,900 cron 1 Oct | — | 0.88 | ₹274.60 |
| INDIANHUMEIndian Hume Pipe Company Limited | 1,800 cron 1 Oct | — | 1.2 | ₹346.10 |
| GARUDAGaruda Construction and Engineering Limited | 1,600 cron 1 Oct | — | 3.5 | ₹172.20 |
| CAPACITECapacit'e Infraprojects Limited | 1,500 cron 1 Oct | — | 0.80 | ₹180.35 |
| VIKRANVikran Engineering Limited | 1,500 cron 1 Oct | — | 1.2 | ₹58.25 |
| GPTINFRAGPT Infraprojects Limited | 1,500 cron 1 Oct | — | 2.5 | ₹118.65 |
| MBELM & B Engineering Limited | 1,400 cron 1 Oct | — | 2.2 | ₹251.75 |
| SPMLINFRASPML Infra Limited | 1,400 cron 1 Oct | — | 1.4 | ₹159.30 |
| BLKASHYAPB. L. Kashyap and Sons Limited | 1,100 cron 1 Oct | — | 2.1 | ₹50.25 |
| SOLARWORLDSolarworld Energy Solutions Limited | 1,100 cron 1 Oct | — | 1.3 | ₹125.55 |
| GAYAPROJGayatri Projects Limited | 1,000 cron 1 Oct | — | 1.7 | ₹22.45 |
| SEPCSEPC Limited | 980 cron 1 Oct | — | 0.51 | ₹5.10 |
| SRMSRM Contractors Limited | 910 cron 1 Oct | — | 2.2 | ₹398.75 |
| LIKHITHALikhitha Infrastructure Limited | 890 cron 1 Oct | — | 2.2 | ₹225.60 |
| OMINFRALOM INFRA LIMITED | 730 cron 1 Oct | — | 0.91 | ₹76.10 |
| SUPREMEINFSupreme Infrastructure India Limited | 650 cron 1 Oct | — | 2.8 | ₹66.95 |
| OMPOWEROm Power Transmission Limited | 540 cron 1 Oct | — | 3.9 | ₹157.75 |
| HAZOORHazoor Multi Projects Limited | 520 cron 1 Oct | — | — | ₹17.95 |
| BRAHMINFRABrahmaputra Infrastructure Limited | 430 cron 1 Oct | — | — | ₹148.85 |
| WSIW S Industries (I) Limited | 400 cron 1 Oct | — | 1.0 | ₹53.20 |
| MARKOLINESMarkolines Pavement Technologies Limited | 370 cron 1 Oct | — | 1.8 | ₹167.25 |
| MBLINFRAMBL Infrastructure Limited | 360 cron 1 Oct | — | 0.38 | ₹23.10 |
| VPRPLVishnu Prakash R Punglia Limited | 350 cron 1 Oct | — | 0.56 | ₹28.40 |
| ZODIACZodiac Energy Limited | 330 cron 1 Oct | — | 2.8 | ₹216.90 |
| ANNUAnnu Projects Limited | 310 cron 1 Oct | — | — | ₹47.10 |
| DBEILDeepak Builders & Engineers India Limited | 300 cron 1 Oct | — | 0.68 | ₹6.50 |
| RPPINFRAR.P.P. Infra Projects Limited | 260 cron 1 Oct | — | 0.49 | ₹52.60 |
| SABSAB Industries Limited | 260 cron 1 Oct | — | — | ₹170.00 |
| GLOBECIVILGlobe Civil Projects Limited | 250 cron 1 Oct | — | 1.0 | ₹41.50 |
| MADHAVIPLMadhav Infra Projects Limited | 200 cron 1 Oct | — | — | ₹7.30 |
| NIRAJNiraj Cement Structurals Limited | 170 cron 1 Oct | — | 0.62 | ₹27.75 |
| TARMATTarmat Limited | 140 cron 1 Oct | — | 0.77 | ₹57.25 |
| BRNLBharat Road Network Limited | 130 cron 1 Oct | — | 0.25 | ₹16.05 |
| SADBHAVSadbhav Engineering Limited | 120 cron 1 Oct | — | — | ₹6.80 |
| BCPLBCPL Railway Infrastructure Limited | 110 cron 1 Oct | — | 1.1 | ₹67.25 |
| USKUdayshivakumar Infra Limited | 100 cron 1 Oct | — | 0.60 | ₹18.40 |
| NAVKARURBNavkar Urbanstructure Limited | 95 cron 1 Oct | — | 0.60 | ₹0.85 |
| SADBHINSadbhav Infrastructure Project Limited | 92 cron 1 Oct | — | — | ₹2.60 |
| SEMACSemac Construction Limited | 75 cron 1 Oct | — | 0.87 | ₹242.00 |
| MADHUCONMadhucon Projects Limited | 29 cron 1 Oct | — | — | ₹4.00 |
| KRIDHANINFKridhan Infra Limited | 18 cron 1 Oct | — | — | ₹1.85 |
| ABINFRAA B Infrabuild Limited | — | — | — | — |
| BGRENERGYBGR Energy Systems Limited | — | — | — | — |
| IL&FSENGGIL&FS Engineering and Construction Company Limited | — | — | — | — |
| IL&FSTRANSIL&FS Transportation Networks Limited | — | — | — | — |
| MBECLMcnally Bharat Engineering Company Limited | — | — | — | — |
| MOLDTECHMold-Tek Technologies Limited | — | — | — | — |
| SETUINFRASetubandhan Infrastructure Limited | — | — | — | — |
| SKILSKIL Infrastructure Limited | — | — | — | — |
| TICLTwamev Construction and Infrastructure Limited | — | — | — | — |
| TPHQTeamo Productions HQ Limited | — | — | — | — |
Foreign portfolio investors hold 19.1%, mutual funds 20.1%, insurance companies 18.6% and banks and financial institutions 4.3%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Foreign portfolio investors | 19.10▲ +0.35 pp | 18.75▼ −1.28 pp | 20.03▲ +0.58 pp | 19.45▲ +0.16 pp | 19.29 |
| Mutual funds | 20.10▼ −0.40 pp | 20.50▲ +0.13 pp | 20.37▼ −0.18 pp | 20.55▲ +0.24 pp | 20.31 |
| Insurance companies | 18.60▼ −0.15 pp | 18.75▲ +0.04 pp | 18.71▼ −0.63 pp | 19.34▼ −0.68 pp | 20.02 |
| Banks and financial institutions | 4.31▲ +0.24 pp | 4.07▲ +0.16 pp | 3.91▲ +0.46 pp | 3.45▲ +0.30 pp | 3.15 |
| Individual investors | 20.87▼ −0.08 pp | 20.95▲ +0.52 pp | 20.43▼ −0.23 pp | 20.66▼ −0.06 pp | 20.72 |
| Bodies corporate | 1.10▲ +0.05 pp | 1.05▲ +0.08 pp | 0.97▼ −0.03 pp | 1.00▲ +0.01 pp | 0.99 |
| Government | 0.250.00 pp | 0.25▲ +0.01 pp | 0.240.00 pp | 0.240.00 pp | 0.24 |
| Other foreign holders | 0.030.00 pp | 0.030.00 pp | 0.030.00 pp | 0.03▼ −0.01 pp | 0.04 |
| Others | 15.64▼ −0.01 pp | 15.65▲ +0.34 pp | 15.31▲ +0.03 pp | 15.28▲ +0.04 pp | 15.24 |
Nothing upcoming on record; the last was a dividend of ₹38.00 a share, ex-date 22 May 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 22 May 2026 | dividend | ₹38.00 | 22 May 2026 | BSE |
| 3 Jun 2025 | dividend | ₹34.00 | 3 Jun 2025 | BSE |
| 20 Jun 2024 | dividend | ₹28.00 | 20 Jun 2024 | BSE |
LT is −7.2% over 20 sessions against Nifty's −6.2%, 17% below its 52-week high, realised volatility 19% annualised.
| Window | From ₹ | LT % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹3,729.58 | ▼ −0.97% | ▼ −9.1% | +8.1 |
| 120 sessionssince 9 Apr | ₹3,896.40 | ▼ −5.2% | ▼ −5.7% | +0.48 |
| 60 sessionssince 8 Jul | ₹3,892.30 | ▼ −5.1% | ▼ −6.1% | +1.0 |
| 20 sessionssince 2 Sept | ₹3,980.81 | ▼ −7.2% | ▼ −6.2% | −0.98 |
| 5 sessionssince 24 Sept | ₹3,858.55 | ▼ −4.3% | ▼ −2.8% | −1.5 |
| 1 sessionsince 30 Sept | ₹3,759.95 | ▼ −1.8% | ▼ −0.88% | −0.89 |
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