Market Performance and Trading Metrics
On 20 Feb 2026, Larsen & Toubro recorded a total traded volume of 15,22,962 shares, translating into a substantial traded value of approximately Rs 66,191.9 lakhs. The stock opened at Rs 4,267.1 and surged to an intraday high of Rs 4,379.0, closing near the peak at Rs 4,373.8, marking a day gain of 2.44%. This performance was notably stronger than the Sensex’s 0.62% rise and slightly ahead of the capital goods sector’s 2.39% gain, underscoring LT’s leadership within its industry.
The stock’s upward momentum was supported by its trading above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — indicating a sustained bullish trend. The delivery volume on 19 Feb 2026 stood at 15.99 lakh shares, reflecting an 11.12% increase over the five-day average delivery volume, signalling heightened investor conviction and accumulation.
Institutional Interest and Liquidity
Larsen & Toubro’s liquidity profile remains robust, with the stock’s traded value comfortably supporting trade sizes of up to Rs 18.11 crore based on 2% of the five-day average traded value. This liquidity is critical for institutional investors seeking to build or exit sizeable positions without significant market impact.
The company’s market capitalisation stands at a commanding Rs 5,92,283 crore, categorising it firmly as a large-cap stock. This scale, combined with its strong mojo score of 75.0 and an upgraded mojo grade from Hold to Buy as of 17 Feb 2026, reflects improved fundamentals and positive market sentiment. The mojo grade upgrade is a significant endorsement, signalling that the stock is expected to outperform based on a comprehensive analysis of financial metrics, valuation, and technical indicators.
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Sectoral Context and Comparative Analysis
The construction sector, a key driver of India’s infrastructure development, has been gaining traction amid government initiatives and increased capital expenditure. Larsen & Toubro, as a bellwether stock in this space, has mirrored this positive trend. Its 1-day return of 2.42% slightly outpaced the capital goods sector’s 2.27% gain, highlighting its relative strength.
Comparing LT’s current valuation and momentum with peers reveals a favourable positioning. The company’s mojo score of 75.0 places it in a strong buy category, reflecting superior financial health, earnings growth potential, and technical strength. This upgrade from a previous Hold rating on 17 Feb 2026 indicates that analysts and market participants have revised their outlook positively, factoring in recent earnings, order book growth, and strategic initiatives.
Order Flow and Investor Participation
Large order flows have been a hallmark of LT’s recent trading sessions, with institutional investors actively participating. The rise in delivery volumes and traded value suggests accumulation by mutual funds, insurance companies, and foreign portfolio investors. This institutional interest is often a precursor to sustained price appreciation, as these investors typically have a longer-term horizon and deeper research capabilities.
Moreover, the stock’s ability to maintain levels above all major moving averages confirms strong technical support, reducing the risk of sharp corrections in the near term. The intraday volatility, with a low of Rs 4,267.1 and a high of Rs 4,379.0, remains within a controlled range, indicating balanced demand and supply dynamics.
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Outlook and Investment Considerations
Looking ahead, Larsen & Toubro’s strong order book, diversified project portfolio, and strategic focus on infrastructure and technology-driven construction solutions position it well for sustained growth. The recent mojo grade upgrade to Buy reflects confidence in the company’s earnings trajectory and market leadership.
Investors should note that while the stock has demonstrated resilience and strong momentum, broader macroeconomic factors such as interest rate movements, commodity price fluctuations, and government policy changes in infrastructure spending could influence near-term performance.
Nevertheless, the combination of high liquidity, institutional backing, and technical strength makes LT an attractive proposition for investors seeking exposure to India’s construction sector growth story.
Summary
Larsen & Toubro Ltd. has emerged as one of the most actively traded stocks by value on 20 Feb 2026, with a remarkable intraday performance that outpaced both the Sensex and its sector peers. The stock’s mojo score upgrade to 75.0 and Buy rating, coupled with strong institutional interest and rising delivery volumes, underscore a positive market sentiment. Trading above all key moving averages and hitting new all-time highs, LT remains a key stock to watch in the construction sector, offering investors a blend of growth potential and liquidity.
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