A timely ESG shot in the arm may support L&T's stock With improved ESG rating, L&T stock has moved to the "average" category from "laggard". It can therefore now figure in the investable universe of global ESG investors. Synopsis On the business front, L&T’s order inflow picked up sharply in the second half of the FY21 after a contraction in the first half. ET Intelligence Group: After languishing in a tight range over the past three months, the stock of Larsen & Toubro (L&T) may regain momentum following rising interest among foreign institutional investors (FPIs). Their holding in the company increased by 90 basis points sequentially to 22% in the March quarter, according to the data from the BSE. In addition, the company’s rating on the environment, social, and governance (ESG) scale has been