Larsen & Toubro stock at INR 3,703.30, 16.6 percent below its high

Published on 10/09/2026 at 15:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Larsen & Toubro stock costs INR 3,703.30 on October 9, 2026, up 2.16 percent. The P/E ratio is 30.7 and the high is INR 4,440.00.

Key points in brief

Larsen & Toubro stock was last at INR 3,703.30 on NSE on October 9, 2026, up 2.16 percent.
The price stood 16.59 percent below its INR 4,440.00 52-week high.
Motilal Oswal reiterated a Buy rating with an INR 4,400.00 target on October 7, 2026.

Larsen & Toubro, INE018A01030, Illustration mit AI erstellt.

Larsen & Toubro (ISIN INE018A01030) was last at INR 3,703.30 on the NSE on October 9, 2026 at 3:15 p.m. IST, up 2.16 percent versus the prior close of INR 3,625.10. The price stood 16.59 percent below the 52-week high of INR 4,440.00.

Price holds below yearly high

The session placed Larsen & Toubro within its INR 3,288.10 to INR 4,440.00 52-week range. The gap to the high is the clearest market statistic: the stock has recovered from its yearly low, but remains below the upper boundary that defines its 2026 trading range.

The latest quote was 2.16 percent above the prior close, while the market capitalization reached INR 5.1 trillion. Trading volume was 1,338,750 shares against an average volume of 1,624,852, giving the session a lower turnover profile than the recent average.

Valuation and target remain central

Larsen & Toubro carried a trailing P/E ratio of 30.72 and a dividend yield of 0.02 percent on October 9, 2026. For a market report, the combination matters: the valuation is materially higher than the price position alone suggests, while the dividend yield contributes little to the current return profile.

According to Moneycontrol on October 7, 2026, Motilal Oswal reiterated a Buy rating and set a target price of INR 4,400.00. That target is 18.80 percent above the NSE price of INR 3,703.30, using the target-to-price comparison.

June figures show operating scale

TickJournal reported revenue of INR 70,318 million and net profit of INR 4,988 million for the June 2026 period. The same source listed operating profit at 12.00 percent, compared with 13.00 percent for March 2026, putting recent margin movement alongside the stock's valuation.

Comparison with peers

Larsen & Toubro: plus 2.16 percent, P/E 30.72, market capitalization INR 5.1 trillion

ABB India (NSE, INR): plus 0.15 percent, P/E 48.09, market capitalization INR 1.4 trillion

Siemens India (NSE, INR): minus 1.21 percent, P/E 39.08, market capitalization INR 1.3 trillion

Market position in context

Larsen & Toubro's session gain contrasted with Siemens India's 1.21 percent decline and exceeded ABB India's 0.15 percent advance. The stock's INR 5.1 trillion market capitalization also places it well above both listed industrial peers in this comparison.