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Larsen and Toubro Ltd

Larsen and Toubro Ltd

LT Share Price

NSE
3,785.600.18% (-6.80)
High
Low
Returns
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1Y
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Construction & Engineering

DroneL&TRobotics

With a market cap of ₹5,20,796 cr, stock is ranked 9

Stock is 1.92x as volatile as Nifty

LT Stock Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Construction & Engineering

DroneL&TRobotics

With a market cap of ₹5,20,796 cr, stock is ranked 9

Stock is 1.92x as volatile as Nifty

LT Performance & Key Metrics

LT Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
32.384.051.00%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
44.896.230.62%

LT Analyst Ratings & Forecast

Detailed Forecast Detailed Forecast 
81%
Analysts have suggested that investors can buy this stock

from 31 analysts

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

LT Company Profile

Larsen & Toubro Limited is a technology, engineering, construction, manufacturing and financial services company.

PE Ratio
644.53
644.53
1Y Return
16.65%
16.65%
Buy Reco %
87.50
87.50
PE Ratio
35.19
35.19
1Y Return
17.45%
17.45%
Buy Reco %
100.00
100.00
PE Ratio
41.41
41.41
1Y Return
82.96%
82.96%
Buy Reco %
100.00
100.00
PE Ratio
27.85
27.85
1Y Return
17.36%
17.36%
Buy Reco %
80.00
80.00
PE Ratio
18.30
18.30
1Y Return
4.05%
4.05%
Buy Reco %
80.00
80.00
Compare with Peers

LT Sentiment Analysis

LT Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

LT Stock Summary · May 2026

Resilient backlog and disciplined investment were the dominant messages, with management pointing to a group order book of Rs 7.40 trillion as a foundation for growth while balancing near‑term execution challenges. They struck a constructive but cautious tone, emphasizing priorities to scale and upgrade core PPM businesses, seed future engines such as data centers, green hydrogen and semiconductors, and maintain selective capital allocation to support those initiatives. At the same time they acknowledged clear tensions: sizeable Middle East exposure and supply‑chain disruptions have raised logistics and insurance costs and pressured margins in parts of the Energy portfolio, even as Infrastructure benefits from a favorable job mix and significant multi‑quarter revenue visibility. Management described active mitigation—alternate logistics, client negotiations and project rationalizations—and repositioning through concession exits and realty restructuring to free capital. Looking ahead, they reiterated FY27 targets of 10–12% growth in both order inflows and revenue, cautioned that H1 will be softer due to execution headwinds, and expect an anticipated pickup in H2 with PPM margins broadly stable.

LT Stock Growth Drivers
LT Stock Growth Drivers
9
  • Robust and Diversified Order Book Growth

    The company has built a materially larger and more diversified backlog, with the consolidated order

  • Energy and Renewables Momentum

    The Energy portfolio delivered landmark commercial progress in FY26, with annual order inflows for the

LT Stock Challenges
LT Stock Challenges
8
  • Middle East geopolitical exposure causing material execution and revenue disruption

    The West Asia/Middle East conflict materially disrupted project execution and supply chains, driving near-term revenue

  • Elevated input and logistics costs creating margin risk and constraining execution

    Logistics, insurance and other input costs have risen materially, pressuring project economics and forcing the

LT Forecast

LT Forecasts

Price

Revenue

Earnings

LT

LT

Income

Balance Sheet

Cash Flow

LT Income Statement

LT Income Statement

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Quarterdec 2023mar 2024jun 2024sep 2024dec 2024mar 2025jun 2025sep 2025dec 2025mar 2026
Total Revenue55,965.5768,234.8656,040.4662,655.8565,635.6576,002.1165,035.7069,367.8172,890.7484,409.40
Operating & Other expensessubtract47,929.1758,446.4748,074.0053,637.5356,769.6264,516.3455,654.9159,470.2964,050.5872,343.14
Depreciation/Amortizationsubtract920.751,021.20997.921,023.841,047.001,052.421,033.301,091.771,071.741,167.95
Interest & Other Itemssubtract2,343.822,345.352,291.892,439.392,486.002,419.332,487.962,469.642,398.532,488.03
Taxes & Other Itemssubtract1,824.472,025.721,890.932,159.801,974.192,516.762,242.342,410.022,154.783,084.68
EPS21.4431.9820.2624.6924.4339.9826.3028.5423.3738.71

LT Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2026FY 2026

Annual report

PDF
FY 2025FY 2025

Annual report

PDF
FY 2024FY 2024

Annual report

PDF
FY 2023FY 2023

Annual report

PDF
FY 2022FY 2022

Annual report

PDF

Investor Presentation

Sep 6PDF
FY 2021FY 2021

Annual report

PDF

Investor Presentation

Feb 2PDF
Nov 24PDF
Nov 4PDF
Jul 24PDF
FY 2020FY 2020

Annual report

PDF

Investor Presentation

Jun 17PDF
Jan 29PDF
Oct 30PDF
Jul 31PDF
FY 2019FY 2019

Annual report

PDF

Investor Presentation

May 11PDF
FY 2018FY 2018

Annual report

PDF
 

LT Stock Peers

LT Past Performance & Peer Comparison

LT Past Performance & Peer Comparison

Comparing 3 stocks from 
IndustrialsConstruction & Engineering

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Larsen and Toubro Ltd32.384.051.00%
GMR Airports Ltd (India)644.53-63.67
NBCC (India) Ltd35.199.491.09%
Cemindia Projects Ltd41.4110.320.21%

LT Stock Price Comparison

Compare LT with any stock or ETF
Compare LT with any stock or ETF
LT
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LT Holdings

LT Shareholdings

LT Promoter Holdings Trend

LT Promoter Holdings Trend

Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

LT Institutional Holdings Trend

LT Institutional Holdings Trend

Total Retail Holding
Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding
Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

LT Shareholding Pattern

LT Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding0.00%19.92%22.72%18.96%38.40%

Sep 2025

Dec 2025

Mar 2026

Jun 2026

LT Shareholding History

LT Shareholding History

MarJunSepDec '25MarJun19.80%19.11%19.28%19.85%18.78%18.96%

Mutual Funds Invested in LT

Mutual Funds Invested in LT

No mutual funds holding trends are available

Top 5 Mutual Funds holding Larsen and Toubro Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
0.7063%3.45%0.36%7/81 (+4)
0.6945%4.55%-0.96%4/104 (0)
0.5887%5.57%0.27%5/62 (0)

Compare 3-month MF holding change on Screener

LT Insider Trades & Bulk Stock Deals

LT Insider Trades & Bulk Stock Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases containing LT stock

smallcases containing LT stock

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Larsen and Toubro Ltd

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Smart Cities Theme

Smart Cities Theme

Created by Windmill Capital

LT's Wtg.
7.72%
7.72%
CAGR
15.21%
Infra Tracker

Infra Tracker

Created by Windmill Capital

LT's Wtg.
6.74%
6.74%
CAGR
17.50%

LT Events

LT Events

LT Dividend Trend

No Dividend Cuts
Dividends are the portion of earnings that a company distributes to all its shareholders every year

LT has increased or maintained dividend levels over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.00%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹10.04 every year

Dividends

Corp. Actions

Announcements

Legal Orders

LT Dividend Trend

No Dividend Cuts
Dividends are the portion of earnings that a company distributes to all its shareholders every year

LT has increased or maintained dividend levels over the last 5 years

Dividend Yield
Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 1.00%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹10.04 every year

LT Upcoming Dividends

LT Upcoming Dividends

No upcoming dividends are available

LT Past Dividends

LT Past Dividends

Cash Dividend

Ex DateEx DateMay 22, 2026

Final
Final | Div/Share: ₹38.00

Dividend/Share

38.00

Ex DateEx Date

May 22, 2026

Cash Dividend

Ex DateEx DateJun 3, 2025

Final
Final | Div/Share: ₹34.00

Dividend/Share

34.00

Ex DateEx Date

Jun 3, 2025

Cash Dividend

Ex DateEx DateJun 20, 2024

Final
Final | Div/Share: ₹28.00

Dividend/Share

28.00

Ex DateEx Date

Jun 20, 2024

Cash Dividend

Ex DateEx DateAug 2, 2023

Special
Special | Div/Share: ₹6.00

Dividend/Share

6.00

Ex DateEx Date

Aug 2, 2023

Cash Dividend

Ex DateEx DateAug 2, 2023

Final
Final | Div/Share: ₹24.00

Dividend/Share

24.00

Ex DateEx Date

Aug 2, 2023

LT Stock News & Opinions

LT Stock News & Opinions

Spotlight
Spotlight
L&T's Heavy Engineering arm bags large overseas orders across multiple geographies

As per the company's order classification, the contracts fall under the 'large' category, valued between Rs 2,500 crore and Rs 5,000 crore. According to L&T's classification, it has received a large order that comes under the category of Rs 2,500 to Rs 5,000 crore. The business has received orders from the Dangote Group, Africa's largest industrial conglomerate, for a mega refinery project and multi-train fertiliser expansion projects in Nigeria and Ethiopia. The scope of work includes the supply of critical process equipment, comprising the world's largest Fluid Catalytic Cracking (FCC) reactor regenerator package, along with critical urea and ammonia equipment. Further, the company has secured a repeat order from a Japanese customer for the manufacture and supply of heat exchangers and absorbers for an LNG project in Canada. It has also won orders for core process equipment, including coke drums, fractionator columns and heat exchangers, from customers in Spain, the United States and Brazil. Anil Parab, Whole-time Director & Sr Executive Vice President'Manufacturing, L&T, said, These orders reaffirm the trust and confidence that customers place in L&T's world-class manufacturing capabilities and its consistent track record of delivering high-quality process equipment to global clients. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a 3.12% decline in consolidated net profit to Rs 5,325.60 crore, despite a 11.25% increase in revenue from operations to Rs 82,762.16 crore in Q4 FY26 over Q4 FY25. The counter slipped 1.83% to Rs 3,724.30 on the BSE. Powered by Capital Market - Live

2 days agoCapital Market - Live
Corporate
Corporate
L&T Heavy Engineering secures multiple international orders

L&T Heavy Engineering, the hi-tech manufacturing arm of Larsen & Toubro, has secured a series of international orders across Asia, Africa, North America, South America and Europe, reinforcing its position as a global leader in process plant equipment. According to the company's project classification, the value of the order ranges between Rs 2,500 crore to Rs 5,000 crore. The business has secured orders from Africa's largest industrial conglomerate, Dangote Group, for a mega refinery and multi-train fertiliser expansion projects in Nigeria and Ethiopia. The scope includes the supply of critical process equipment, comprising the world's largest Fluid Catalytic Cracking Reactor Regenerator Package, all critical urea and ammonia equipment. Additionally, the business has won a repeat order from a Japanese customer for the manufacture and supply of Heat Exchangers and Absorbers for an LNG project in Canada. The business has also secured orders for its core equipment including Coke Drums, Fractionator Columns and Heat Exchangers from customers in Spain, US and Brazil.

2 days agoCapital Market - Live
Spotlight
Spotlight
L&T's Minerals & Metals business bags mega orders

The combined value of the contracts falls under the company's mega order category, ranging between Rs 10,000 crore and Rs 15,000 crore. The first order has been awarded by India's largest public sector iron ore producer as part of its expansion programme to enhance iron ore production capacity to 100 million tonnes per annum (MTPA) by 2030. L&T has secured Package #BE-01C for the 18 MTPA Iron Ore Handling Plant in Chhattisgarh. The scope of work includes design and engineering, procurement, installation and commissioning of the downhill conveyor system, screening plant, stockpile, yard equipment, Rapid Wagon Loading System (RWLS) and associated auxiliaries. In another order, a public sector Navratna company has awarded L&T Design & Build and Balance of Plant packages for the expansion of its steel plant in West Bengal from 2.5 MTPA to 7.1 MTPA. Further, L&T has continued its long-standing association with a major private sector metals producer by securing an EPC order for a zinc processing plant. The scope of the contract includes design and engineering, procurement, installation, commissioning, and associated site services, reaffirming the company's expertise in executing complex non-ferrous metallurgical projects. S N Subrahmanyan, chairman & managing director, L&T, said, This reaffirms L&T's enduring leadership in the minerals and metals EPC sector and reflect the deep trust customers place in our ability to deliver projects of exceptional scale and complexity. As India accelerates investments in augmenting its metals & minerals capacity to support long-term economic growth, L&T remains committed to partnering with the country's leading enterprises in developing world-class industrial infrastructure. T Kumaresan, Senior Vice President & Head ' Utilities & Metals, L&T, added, These orders across the mining, ferrous and non-ferrous sectors reaffirm our customers' confidence in L&T's engineering expertise and project execution capabilities. They strengthen our position as a trusted partner in developing India's metals and minerals infrastructure. We remain committed to delivering the projects with the highest standards of quality, safety and sustainability. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a 3.12% decline in consolidated net profit to Rs 5,325.60 crore, despite a 11.25% increase in revenue from operations to Rs 82,762.16 crore in Q4 FY26 over Q4 FY25. The counter rose 0.31% to Rs 3,826.80 on the BSE. Powered by Capital Market - Live

6 days agoCapital Market - Live
Corporate
Corporate
Larsen & Toubro wins multiple orders under its metals and mineral vertical

The Metals & Minerals (M&M) business vertical of L&T has secured multiple orders from leading domestic metals and mining companies, reinforcing its leadership in delivering world-class engineering, procurement and construction (EPC) solutions across the metals and minerals value chain. According the company's project classification, the value of these orders ranges between Rs 10,000 crore to Rs 15,000 crore. The first order is from a public sector company, India's largest iron ore producer. As part of its expansion programme to achieve 100 MTPA of iron ore production capacity by 2030, the company has awarded L&T Package #BE-01C of the 18 MTPA Iron Ore Handling Plant in Chhattisgarh. The scope includes design and engineering, procurement, installation and commissioning of downhill conveyor system, screening plant, stockpile, yard equipment, Rapid Wagon Loading System (RWLS) and associated auxiliaries. The second order is from another public sector Navratna company, which has undertaken the expansion of Steel Plant in West Bengal, from 2.5 MTPA to 7.1 MTPA. L&T has secured various Design & Build and Balance of Plant packages for this. L&T also continues its long-standing association with a major private sector metals producer, having secured an EPC order for a Zinc Processing Plant. The scope comprises design and engineering, procurement, installation, commissioning and associated site services, reaffirming L&T's expertise in delivering complex non-ferrous metallurgical projects.

6 days agoCapital Market - Live
Corporate
Corporate
Larsen & Toubro to conduct board meeting

Larsen & Toubro will hold a meeting of the Board of Directors of the Company on 28 July 2026.

1 week agoCapital Market - Live
Corporate
Corporate
L&T Vyoma forges strategic partnership with Fortanix Inc.

Larsen & Toubro Vyoma (L&T Vyoma), L&T's next-generation sovereign AI cloud and digital infrastructure business, has entered a strategic partnership with Fortanix Inc, a US-headquartered global leader in data and AI security and a pioneer in Confidential Computing. They will jointly deliver sovereign, secure software-as-a-service offerings for enterprises and government organisations in India. With AI adoption accelerating, the need for data sovereignty, regulatory compliance and runtime protection has become critical, particularly in regulated sectors such as banking, financial services, government and healthcare. Through this partnership, L&T Vyoma will provide sovereign AI infrastructure, including data centres, compute and networking, while Fortanix will secure the data and AI workloads in use by leveraging NVIDIA Confidential Computing. The collaboration will enable organisations to adopt AI and modern data services securely, while ensuring that sensitive data remains protected and compliant within India's borders.

2 weeks agoCapital Market - Live
Spotlight
Spotlight
L&T Vyoma partners with Fortanix to offer secure AI cloud solutions in India

The partnership aims to deliver sovereign AI infrastructure and data security solutions, addressing the growing demand for data sovereignty, regulatory compliance and protection of AI workloads across sectors such as banking, financial services, government and healthcare. Under the collaboration, L&T Vyoma will provide sovereign AI infrastructure, including data centres, compute and networking capabilities, while Fortanix will secure data and AI workloads through Confidential Computing technology powered by NVIDIA Confidential Computing. The companies will jointly develop sovereign AI and data security solutions, pursue co-selling opportunities across regulated industries and support customer adoption through proof-of-concept and proof-of-value engagements. Confidential Computing protects data during processing through hardware-based Trusted Execution Environments, ensuring sensitive information remains secure even while computations are being performed. The partnership will enable organisations to deploy AI models securely without exposing proprietary intellectual property, safeguard sensitive enterprise and citizen data, and support compliance with India's data sovereignty and regulatory requirements. L&T Vyoma will also work with Indian AI model builders to strengthen the ecosystem for sovereign AI innovation. Commenting on the partnership, Prashant Chiranjive Jain, Managing Director ' Larsen & Toubro Vyoma, said: 'India's digital economy requires a strong foundation of sovereign infrastructure and secure AI capabilities. The partnership with Fortanix enables us to help organisations harness AI with confidence by ensuring that data remain protected within national boundaries while meeting the highest standards of security and compliance'. Anand Kashyap, Co-founder & CEO ' Fortanix Inc, said: 'AI adoption isn't slowing down, but organisations are increasingly challenged to balance innovation with data sovereignty and security. Our partnership with L&T Vyoma brings together trusted infrastructure and Confidential Computing to enable enterprises in India use AI without exposing sensitive data or intellectual property'. Justin Boitano, Vice President -Enterprise AI Products - NVIDIA, said: 'Regulated industries racing to adopt AI need to maintain the highest standards for data sovereignty and security as they scale advanced AI models and agents. Bringing together NVIDIA Confidential Computing with L&T Vyoma's sovereign infrastructure and Fortanix's security platform creates a trusted foundation for securely deploying and managing mission-critical workloads in India'. Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services. The company reported a 3.12% decline in consolidated net profit to Rs 5,325.60 crore, despite a 11.25% increase in revenue from operations to Rs 82,762.16 crore in Q4 FY26 over Q4 FY25. The scrip shed 0.49% to Rs 3,971.95 on the BSE. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Corporate
Larsen & Toubro receives issuer rating of 'Baa1; Stable' from Moody's

Larsen & Toubro (L&T) has secured a 'Baa1' long term issuer rating with a 'Stable' outlook from Moody's Ratings, reinforcing the Group's robust credit profile and financial resilience. The 'Baa1' rating signifies a quality investment-grade credit profile, reflecting strong capacity to meet financial commitments and a low level of credit risk. It also underscores L&T's prudent financial management and consistent operational performance. The 'Stable' outlook reflects expectations that L&T and its core international subsidiaries will maintain strict fiscal discipline, comfortable leverage levels and healthy operating margins as high-margin engineering services and large-scale EPC projects in West Asia continue to scale. Notably, this premium rating stands two notches above India's sovereign rating of 'Baa3', positioning L&T among an exclusive group of Indian multinational corporates evaluated stronger than the country's sovereign rating. Moody's, the global ratings major, has also assigned a matching 'Baa1' rating to L&T Hydrocarbon Saudi Company (a subsidiary of L&T), reflecting the business vertical's tight operational integration with the parent Company and the strategic importance of Larsen & Toubro's West Asia operations.

2 weeks agoCapital Market - Live
Corporate
Corporate
Larsen & Toubro to hold EGM

Larsen & Toubro announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 4 August 2026.

3 weeks agoCapital Market - Live
Corporate
Corporate
Larsen & Toubro receives CRISIL ESG score of 67

Larsen & Toubro announced that CRISIL ESG Ratings & Analytics (CRISIL) has on 23 June 2026, has revised the Company's ESG score from 'CRISIL ESG 62' to 'CRISIL ESG 67' under the category 'Strong'.

1 month agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Larsen and Toubro Ltd (LT) today?

    The share price of LT as on 24th July 2026 is ₹3785.60. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Larsen and Toubro Ltd (LT) share?

    The past returns of Larsen and Toubro Ltd (LT) share are
    • Past 1 week: 0.39%
    • Past 1 month: -9.52%
    • Past 3 months: -5.70%
    • Past 6 months: -0.06%
    • Past 1 year: 8.86%
    • Past 3 years: 45.31%
    • Past 5 years: 136.96%

  3. What are the peers or stocks similar to Larsen and Toubro Ltd (LT)?
  4. What is the dividend yield % of Larsen and Toubro Ltd (LT) share?

    The current dividend yield of Larsen and Toubro Ltd (LT) is 1.00.

  5. What is the market cap of Larsen and Toubro Ltd (LT) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Larsen and Toubro Ltd (LT) is ₹520796.04 Cr as of 24th July 2026.

  6. What is the 52 week high and low of Larsen and Toubro Ltd (LT) share?

    The 52-week high of Larsen and Toubro Ltd (LT) is ₹4440 and the 52-week low is ₹3288.10.

  7. What is the PE and PB ratio of Larsen and Toubro Ltd (LT) stock?

    The P/E (price-to-earnings) ratio of Larsen and Toubro Ltd (LT) is 32.38. The P/B (price-to-book) ratio is 4.05.

  8. Which sector does Larsen and Toubro Ltd (LT) belong to?

    Larsen and Toubro Ltd (LT) belongs to the Industrials sector & Construction & Engineering sub-sector.

  9. How to buy Larsen and Toubro Ltd (LT) shares?

    You can directly buy Larsen and Toubro Ltd (LT) shares on Tickertape. Simply sign up, connect your demat account and place your order.