L&T Eyes ₹3,700 After Bagging ₹2,500 Crore NPCIL Nuclear Order — SEBI Analyst Sees ‘Buy On Dips’ Opportunity

Larsen & Toubro (L&T) shares climbed 2% on Tuesday after the engineering giant confirmed it has won a “significant” order from Nuclear Power Corporation of India (NPCIL). 

The contract, tied to the 2X1000 MWe Kudankulam Nuclear Power Project (units 5 & 6) in Tamil Nadu, is valued between ₹1,000 crore and ₹2,500 crore.

L&T said the scope of work covers installation of the nuclear reactor and turbine system, construction of the mechanical package, seawater systems, cranes and other supporting equipment. 

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The company will also handle full-scale testing of all systems across the site. The order will sit under its Heavy Civil Engineering division, which plays a big role in L&T’s overall order book.

L&T: Trading Strategy

SEBI-registered analyst Deepak Pal noted that L&T shares have been trading in the ₹3,560–3,580 zone, showing signs of recovery after recent consolidation. He pointed out that the stock remains above its 200-day exponential moving average (EMA) near ₹3,500, which serves as a strong support level.

According to him, resistance sits around ₹3,620–3,650, and a breakout above that range could push the stock toward ₹3,700–3,750 in the short term. On the downside, he said a sustained move below ₹3,500 may open the door to weakness.

“The setup looks constructive,” Pal said, adding that investors could look at a buy-on-dips strategy with targets above ₹3,700, while keeping a strict stop loss around ₹3,500.

Mega Project Pipeline

The NPCIL order follows another big win for L&T recently, which is a contract worth ₹2,500–5,000 crore for the Mumbai–Ahmedabad Bullet Train project. With that, L&T now manages more than half of the track work on India’s first high-speed rail line.

Pal said large infrastructure orders like these not only spark near-term excitement in the stock but also add long-term revenue visibility. 

He added that successful execution will further strengthen L&T’s position as the go-to player for mega projects ranging from high-speed rail to nuclear power.

What Is The Retail Mood?

On Stocktwits, retail sentiment around L&T was ‘bullish’ with message volumes described as ‘high.’

L&T shares are down 0.3% so far in 2025.

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