Capital Goods / Infrastructure

Stock: Larsen & Toubro (L&T) Infrastructure names are sensitive to order inflow and government capital expenditure announcements; Q2 commentary and order books are being highlighted across media in mid-October. What beginners should learn: For

, the order book, margin on execution, and government capex cycles are key. A strong order book supports revenue visibility. Risk to note: Execution delays, cost overruns can compress margins. Action tip: Check the order book growth YoY and order composition (domestic vs international).