L&T Secures Up to ₹5,000 Crore Order from Brigade Group for Landmark Projects

has won a "large" order valued between ₹2,500 crore and ₹5,000 crore from Brigade Group to construct residential and commercial towers in Hyderabad and Chennai. This marks L&T’s biggest residential project from a private client. The Hyderabad projects include Brigade Gateway Residences at Neopolis, featuring two luxury towers, and Brigade World Trade Centre at Kokapet, a 200-metre, 50+ floor commercial tower with retail space and a five-star hotel, Brigade Neopolis. In Chennai, L&T will construct Brigade Altius, comprising three signature towers, and Brigade Morgan Heights. The projects will be executed on a design-and-build basis, reinforcing L&T’s leadership in large-scale urban development. Technically, L&T is currently in a recovery phase after a strong downtrend, as seen in both the daily and 4-hour charts. The stock has rebounded sharply from the key support zone near 3112-3195, with RSI rising towards overbought levels, signaling strong momentum. Price is now approaching key resistance near 3490-3507, which aligns with the 100 EMA (Daily) and the 70 EMA (4H). A breakout above this resistance could push the stock toward 3650-3695, while failure to breach may trigger a pullback toward 3265. Watch for volume confirmation and RSI divergence for further cues. I have attached the daily chart of for your reference. Please direct message me, as I won’t be able to respond to each comment individually. Follow me for more such updates, Thank You!