Intraday Trading Highlights
On 3 Feb 2026, Larsen & Toubro Ltd. opened at a premium, reflecting positive momentum from the previous sessions. The stock touched its intraday peak at ₹4,119.95, representing a 5.05% increase from its prior close. This intraday high was achieved amid active trading volumes, supporting the upward price movement. The closing price reflected a 3.96% gain, outperforming the benchmark Sensex, which ended the day down by 2.76% at 83,920.05 points.
The stock’s opening gap up of 3.36% set the tone for the session, with sustained buying interest pushing prices higher throughout the day. Larsen & Toubro has now recorded gains for two consecutive trading days, accumulating a 6.06% return over this period. Despite the Capital Goods sector gaining 3.71%, L&T’s performance was slightly below the sector average by 0.76% on the day.
Technical Positioning and Moving Averages
Larsen & Toubro is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a strong technical setup. The stock remains close to its 52-week high of ₹4,194.70, currently just 3.73% away, underscoring its resilience in the construction sector.
The stock’s market capitalisation grade stands at 1, reflecting its status as a large-cap entity within the construction industry. The Mojo Score for Larsen & Toubro is 68.0, with a current Mojo Grade of Hold, downgraded from Buy as of 2 Feb 2026. This adjustment indicates a more cautious stance on the stock’s near-term outlook despite its recent price strength.
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Comparative Performance Analysis
Over various time frames, Larsen & Toubro has demonstrated notable performance relative to the Sensex. The stock’s one-day gain of 3.96% contrasts with the Sensex’s 2.67% rise, highlighting its relative strength on the day. Over the past week, L&T has outperformed the Sensex with a 7.58% return versus the benchmark’s 2.43%.
On a one-month basis, the stock recorded a marginal decline of 2.06%, slightly better than the Sensex’s 2.23% fall. The three-month performance shows a positive 2.44% return for L&T, outperforming the Sensex’s negative 0.16%. Over longer horizons, the stock’s returns have been significantly higher than the benchmark, with a one-year gain of 24.03% compared to the Sensex’s 8.63%, a three-year return of 88.16% versus 37.81%, and a five-year gain of 166.70% against 66.84% for the Sensex. Over a decade, L&T’s appreciation stands at 452.23%, substantially outpacing the Sensex’s 246.15%.
Market Context and Sector Dynamics
The broader market experienced a volatile session on 3 Feb 2026. The Sensex opened with a gap up of 3,656.74 points but lost momentum to close down by 1,403.15 points, a 2.76% decline. Despite this, the Sensex remains close to its 52-week high, just 2.67% away from 86,159.02 points. The index is trading below its 50-day moving average, although the 50DMA remains above the 200DMA, indicating mixed technical signals.
Within this environment, mega-cap stocks led the market, with the Sensex’s gains largely driven by these large-cap constituents. The Capital Goods sector, to which Larsen & Toubro belongs, gained 3.71%, reflecting sectoral strength amid the broader market weakness.
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Summary of Key Metrics
Larsen & Toubro’s market cap grade of 1 confirms its large-cap status within the construction sector. The Mojo Score of 68.0 and a Hold grade, revised from Buy on 2 Feb 2026, reflect a balanced view on the stock’s current valuation and momentum. The stock’s proximity to its 52-week high and its position above all major moving averages indicate sustained technical strength.
Despite the Sensex’s retreat on the day, L&T’s ability to register a near 4% gain and reach an intraday high of ₹4,119.95 underscores its resilience and relative outperformance within the Capital Goods sector. The stock’s two-day consecutive gains and 6.06% return over this period further highlight its recent positive trading action.
Trading Action and Market Sentiment
The stock’s strong intraday performance was supported by a gap up opening and consistent buying interest throughout the session. Trading above all key moving averages suggests that market participants are maintaining a positive technical stance on the stock. The slight underperformance relative to the sector’s 3.71% gain indicates selective profit-taking or rotation within the Capital Goods space.
Overall, Larsen & Toubro’s price action on 3 Feb 2026 reflects a robust trading day marked by strong intraday highs and a solid close, despite broader market volatility and a Sensex decline.
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