High-Value Trading and Market Performance
On 2 Feb 2026, Larsen & Toubro Ltd. emerged as one of the most actively traded stocks by value on the Indian equity markets. The total traded volume reached 8,96,855 shares, translating into a substantial traded value of ₹35,086.4 lakhs. This level of liquidity underscores the stock’s appeal among large investors and traders alike.
The stock opened at ₹3,830.7 and surged to an intraday high of ₹3,934.8, marking a 3.06% increase from the previous close of ₹3,814.0. By 09:44:46 IST, the last traded price stood at ₹3,913.8, reflecting a day gain of 2.95%. This performance notably outpaced the construction sector’s 1.82% gain and the Sensex’s modest 0.22% rise, highlighting LT’s relative strength in a competitive environment.
Technical Indicators and Trend Analysis
The stock’s price action reveals a nuanced technical picture. It currently trades above its 5-day, 100-day, and 200-day moving averages, signalling underlying medium- and long-term strength. However, it remains below the 20-day and 50-day moving averages, suggesting some near-term resistance and room for further consolidation before a sustained breakout.
Importantly, LT reversed its recent two-day decline, indicating a potential trend reversal. The intraday high of ₹3,930.8 and the strong volume support reinforce this positive momentum shift. Investors should monitor whether the stock can sustain gains above the 20-day and 50-day averages to confirm a bullish continuation.
Institutional Interest and Delivery Volumes
Investor participation has notably increased, with delivery volumes on 30 Jan 2026 reaching 16.64 lakh shares. This figure represents an 11.09% rise compared to the five-day average delivery volume, signalling growing confidence among long-term holders and institutional investors. Such rising delivery volumes often precede sustained price appreciation, as they reflect genuine accumulation rather than speculative trading.
Liquidity remains robust, with the stock’s traded value representing approximately 2% of its five-day average traded value. This liquidity supports sizeable trade sizes, estimated at ₹22.9 crore, making LT an attractive option for institutional portfolios and high-net-worth investors seeking exposure to the construction sector.
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Mojo Score Upgrade and Market Capitalisation
Larsen & Toubro Ltd. has recently been upgraded by MarketsMOJO, with its Mojo Grade improving from Hold to Buy as of 8 Jan 2026. The company’s Mojo Score stands at a robust 71.0, reflecting favourable fundamentals, technical strength, and positive market sentiment. This upgrade signals enhanced confidence in LT’s earnings trajectory and sector positioning.
With a market capitalisation of ₹5,24,521 crore, LT firmly holds its status as a large-cap leader within the construction industry. Its Market Cap Grade of 1 further confirms its dominant presence and liquidity in the market, making it a preferred choice for institutional investors seeking stable yet growth-oriented exposure.
Sector Context and Comparative Performance
The construction sector has been witnessing a gradual recovery, supported by government infrastructure initiatives and private sector investments. LT’s outperformance relative to the sector’s 1.82% gain today highlights its ability to capitalise on these tailwinds more effectively than its peers.
Investors should note that LT’s price momentum and volume dynamics are consistent with a stock that is regaining investor favour after a brief correction. The combination of strong delivery volumes, improved Mojo Grade, and technical resilience positions LT well for potential further upside in the near term.
Valuation and Risk Considerations
While LT’s current price action is encouraging, investors must remain mindful of valuation metrics and broader market conditions. The stock’s premium valuation relative to some sector peers necessitates careful monitoring of earnings growth and margin trends. Additionally, macroeconomic factors such as interest rate movements and commodity price fluctuations could impact project costs and profitability.
Nonetheless, the recent upgrade and strong trading activity suggest that the market is pricing in a positive outlook for LT’s order book growth and execution capabilities. The company’s diversified project portfolio and strong balance sheet provide a buffer against sector cyclicality.
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Outlook and Investor Takeaways
In summary, Larsen & Toubro Ltd.’s recent trading activity reflects a confluence of positive factors: strong institutional interest, improved technical indicators, and a favourable upgrade in its Mojo Grade. The stock’s ability to outperform its sector and the broader market on a day of heightened value turnover underscores its appeal as a core holding within the construction space.
Investors should watch for confirmation of the current trend through sustained volume support and price action above key moving averages. Given the company’s large-cap stature and diversified project pipeline, LT remains well-positioned to benefit from India’s ongoing infrastructure development and urbanisation trends.
However, prudent investors will also consider macroeconomic headwinds and valuation levels before committing additional capital. The balance of technical strength and fundamental upgrades suggests a cautiously optimistic stance towards LT in the near to medium term.
Summary of Key Metrics:
- Last traded price (LTP): ₹3,913.8
- Day’s high: ₹3,934.8 (+3.06%)
- Day’s low: ₹3,825.0
- Previous close: ₹3,814.0
- Total traded volume: 8,96,855 shares
- Total traded value: ₹35,086.4 lakhs
- Delivery volume (30 Jan): 16.64 lakh shares (+11.09% vs 5-day avg)
- Mojo Score: 71.0 (Upgraded from Hold to Buy on 8 Jan 2026)
- Market cap: ₹5,24,521 crore (Large Cap)
- Sector 1D return: 1.82%
- Sensex 1D return: 0.22%
As the construction sector continues to evolve, Larsen & Toubro Ltd. remains a bellwether stock to watch, combining liquidity, institutional interest, and technical momentum in a compelling investment narrative.
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