L&T Gains After Securing Major ONGC Order Larsen & Toubro (L&T) was among the stronger stocks on Wednesday, gaining nearly 2% after the company announced a significant order from ONGC. The order provided some support to the stock even as the broader market remained under pressure from rising crude prices and geopolitical tensions. L&T's order momentum remains an important factor for investors because the company has significant exposure to India's infrastructure, energy and industrial-capital-expenditure cycle. Continued order wins can strengthen its revenue visibility and support the company's large project pipeline. The stock's relative strength was notable on a session when the Sensex fell 1.08% and Nifty declined 0.86%. Reuters also highlighted L&T among individual stocks attracting buying interest while much of the market remained weak.

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