Larsen & Toubro Ltd. Sees Robust Trading Activity Amid Upgraded Outlook

Feb 23 2026 03:00 PM IST
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Larsen & Toubro Ltd. (LT), a stalwart in the construction sector, witnessed significant trading momentum on 23 February 2026, driven by strong institutional interest and a recent upgrade in its Mojo Grade from Hold to Buy. The stock hit a new 52-week and all-time high of ₹4,417, supported by robust volumes and rising investor participation, signalling renewed confidence in the company’s growth prospects.
Larsen & Toubro Ltd. Sees Robust Trading Activity Amid Upgraded Outlook

Trading Activity and Price Performance

On the day in question, Larsen & Toubro recorded a total traded volume of 15,25,005 shares, translating into a substantial traded value of ₹67,073.53 lakhs. This places LT among the most actively traded equities by value on the exchange, underscoring heightened market interest. The stock opened at ₹4,395.60 and touched an intraday high of ₹4,417.00, marking its highest level in over a year, before settling at ₹4,401.30 as of 14:19 IST. The day’s price movement reflected a modest gain of 0.60%, slightly below the sector’s 0.75% rise but outperforming the Sensex’s 0.44% increase.

LT’s recent price trajectory has been encouraging, with the stock registering consecutive gains over the past two sessions, delivering a cumulative return of 2.88%. This upward momentum is further validated by the stock trading above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling a sustained bullish trend and strong technical support.

Institutional Interest and Delivery Volumes

Investor participation has notably intensified, as evidenced by the delivery volume of 18.31 lakh shares recorded on 20 February 2026. This figure represents a 23.38% increase compared to the five-day average delivery volume, highlighting a growing conviction among long-term investors. Such rising delivery volumes often indicate genuine accumulation rather than speculative trading, which bodes well for the stock’s medium-term outlook.

Liquidity remains robust, with the stock’s average traded value over five days supporting trade sizes up to ₹18.33 crores without significant price impact. This liquidity profile makes LT an attractive option for institutional investors and large traders seeking to execute sizeable orders efficiently.

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Mojo Score Upgrade and Market Capitalisation

MarketsMOJO recently upgraded Larsen & Toubro’s Mojo Grade from Hold to Buy on 17 February 2026, reflecting improved fundamentals and positive market sentiment. The company’s Mojo Score stands at a healthy 75.0, indicating strong financial health, operational efficiency, and favourable growth prospects. This upgrade is significant given the stock’s previous rating and is likely to attract further institutional interest.

With a market capitalisation of ₹6,02,931 crores, LT firmly holds its position as a large-cap heavyweight within the construction sector. Its Market Cap Grade of 1 further emphasises its stature as a blue-chip stock, offering stability and liquidity to investors.

Sectoral Context and Comparative Performance

Within the construction sector, Larsen & Toubro’s performance today was broadly in line with peers, with the sector gaining 0.75%. The stock’s 0.54% one-day return, while slightly below the sector average, still outpaced the broader Sensex’s 0.44% rise, underscoring LT’s relative resilience amid market fluctuations.

LT’s ability to sustain gains above all major moving averages contrasts favourably with some sector counterparts that have struggled to maintain momentum. This technical strength, combined with fundamental upgrades, positions the stock well for continued appreciation.

Order Flow and Institutional Participation

Market data reveals a strong order flow in Larsen & Toubro shares, with institutional investors actively participating in the stock. The increased delivery volumes and high traded value suggest that large buy orders have been executed, reflecting confidence in the company’s medium to long-term prospects. This is consistent with the recent Mojo Grade upgrade and the stock’s technical breakout to new highs.

Such institutional interest often precedes sustained price rallies, as these investors typically conduct thorough due diligence before committing capital. The combination of fundamental strength, technical momentum, and liquidity makes LT a preferred choice for portfolio allocation among large funds.

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Outlook and Investor Considerations

Given the current trading dynamics, Larsen & Toubro appears well-positioned to capitalise on the ongoing infrastructure and construction demand in India. The company’s strong order book, diversified project portfolio, and strategic investments in technology and sustainability initiatives underpin its growth trajectory.

Investors should note the stock’s recent technical breakout and the positive upgrade in its Mojo Grade as indicators of improving fundamentals. However, as with any large-cap stock, macroeconomic factors such as interest rate movements, commodity price volatility, and regulatory changes in the construction sector could influence near-term performance.

For those considering entry or accumulation, the stock’s liquidity profile and institutional backing provide comfort in executing sizeable trades without undue price disruption. The current valuation, supported by MarketsMOJO’s comprehensive analysis, suggests a fair price range that balances growth potential with risk.

Summary

Larsen & Toubro Ltd. has demonstrated robust trading activity, marked by high value turnover and strong institutional interest. The recent upgrade in its Mojo Grade to Buy, coupled with a new 52-week high and sustained technical strength, signals a positive outlook for this large-cap construction giant. Investors seeking exposure to India’s infrastructure growth story would do well to monitor LT’s evolving market dynamics closely.

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