High-Value Turnover and Market Performance
On 29 January 2026, Larsen & Toubro Ltd. recorded a total traded volume of 11,02,990 shares, translating into a substantial traded value of ₹43,092.7 lakhs. This places LT among the most actively traded equities by value on the day, underscoring its liquidity and appeal to large investors. The stock opened at ₹3,860 and surged to an intraday high of ₹3,932.6, marking a 3.65% rise from the opening price. The last traded price (LTP) stood at ₹3,885.3 as of 09:45 IST, representing a 2.19% gain over the previous close of ₹3,794.
LT’s performance notably outpaced the construction sector’s 1.21% gain and the Sensex’s decline of 0.48% on the same day, highlighting its relative strength amid mixed market conditions. The stock has also demonstrated resilience with a three-day consecutive gain, delivering a cumulative return of 4.45% over this period.
Technical Indicators and Moving Averages
From a technical standpoint, Larsen & Toubro’s price currently trades above its 5-day, 100-day, and 200-day moving averages, signalling sustained medium- and long-term bullish momentum. However, it remains below the 20-day and 50-day moving averages, suggesting some near-term resistance and potential consolidation before further upward movement. This mixed technical picture indicates that while the stock is fundamentally strong, short-term traders may encounter some volatility.
Institutional Interest and Delivery Volumes
Investor participation has been on the rise, with delivery volumes reaching 13.94 lakh shares on 28 January, a 5.15% increase compared to the five-day average delivery volume. This uptick in delivery volume is a positive sign of genuine buying interest rather than speculative intraday trading. Institutional investors appear to be accumulating shares, reflecting confidence in LT’s growth prospects and valuation.
Liquidity and Market Capitalisation
Larsen & Toubro’s liquidity remains robust, with the stock capable of supporting trade sizes up to ₹18.01 crores based on 2% of its five-day average traded value. This level of liquidity is crucial for institutional investors and large funds seeking to enter or exit positions without significant price impact. The company’s market capitalisation stands at an impressive ₹5,21,847 crores, categorising it firmly as a large-cap stock and a key constituent of the construction sector.
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Mojo Score Upgrade and Analyst Ratings
MarketsMOJO has upgraded Larsen & Toubro’s Mojo Grade from Hold to Buy as of 8 January 2026, reflecting improved fundamentals and positive market sentiment. The stock’s Mojo Score stands at a healthy 71.0, signalling strong buy potential based on a comprehensive assessment of financial metrics, price trends, and quality grades. The market cap grade is rated at 1, indicating the company’s dominant position within its sector and market capitalisation bracket.
Sectoral Context and Comparative Analysis
Within the construction sector, Larsen & Toubro continues to lead in terms of market capitalisation and trading activity. Its outperformance relative to the sector’s 1.21% gain on 29 January highlights LT’s ability to attract investor interest even when broader sectoral momentum is moderate. This is particularly relevant given the sector’s sensitivity to macroeconomic factors such as infrastructure spending, government policies, and raw material costs.
Order Flow and Institutional Demand
Large order flows have been a defining feature of LT’s recent trading sessions. The increased delivery volumes and high traded value suggest that institutional investors are actively building positions. This is consistent with the company’s strong order book, diversified project portfolio, and strategic initiatives to expand its footprint in infrastructure and engineering services. The stock’s liquidity profile supports these large trades without excessive price disruption, making it a preferred choice for fund managers.
Valuation and Future Outlook
Despite recent gains, Larsen & Toubro’s valuation remains attractive relative to its peers, supported by steady earnings growth and robust order inflows. The company’s focus on high-margin projects and operational efficiencies is expected to sustain profitability in the medium term. Analysts anticipate that LT will continue to benefit from increased government infrastructure spending and private sector investments, which should underpin further price appreciation.
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Risks and Considerations
While the outlook for Larsen & Toubro remains positive, investors should remain mindful of potential headwinds. These include fluctuations in commodity prices, regulatory changes, and execution risks associated with large infrastructure projects. Additionally, near-term technical resistance at the 20-day and 50-day moving averages may result in some price consolidation. However, the company’s strong fundamentals and institutional backing provide a solid cushion against these risks.
Conclusion
Larsen & Toubro Ltd. continues to command significant attention in the equity markets, driven by high-value trading activity, robust institutional interest, and favourable technical indicators. Its recent upgrade to a Buy rating by MarketsMOJO, combined with strong delivery volumes and liquidity, positions the stock as a compelling investment within the construction sector. Investors seeking exposure to India’s infrastructure growth story would do well to monitor LT’s price action and fundamental developments closely in the coming weeks.
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