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India's Larsen & Toubro up on report of orders worth $4 bln from Saudi Aramco



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** Larsen & Toubro (L&T) LART.NS rises as much as 3.1%; last up 2% to 3,596.25 rupees, snapping three straight sessions of losses

** The infrastructure major's unit got orders worth about $4 bln from Saudi Arabia's state oil company Aramco 2222.SE, per MEED report

** Order for engineering, procurement and construction of gas compression and processing units

** L&T and Saudi Aramco did not immediately respond to Reuters' requests for comment

** LART is second top gainer on the Nifty 50 index .NSEI, which is down 0.2% .BO

** Analysts' avg rating on stock is "Buy", in line with peer Siemens SIEM.NS, while ABB India ABB.NS is rated "Hold" - LSEG data

** Median PT on LART is 3,980 rupees, a ~13% premium to last close

** Including session's gains, stock is up ~2% YTD vs ~11% rise in NSEI




Reporting by Manvi Pant in Bengaluru

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