Shares in Larsen and Toubro which was hammered to a 52-week low on Monday, saw some respite in trade after bagging a major order.
The construction arm of the company won orders worth Rs. 1247 crores in the Building & Factories and Power Transmission & Distribution Business.
The company gets significant amount of orders from the Middle East, but, that may well see a setback for the company, given the sharp fall in crude prices.
Domestically too, the company has seen a slowdown in orders. Analysts say the company may continue to show a weakish trend in trade.