L&T has informed the stock market that the company has received a big order. However, L&T's stock is seeing a decline in Friday's trading. Actually, there are two news in the market about L&T. The first news is about the order it has received for the nuclear function project. The second news is about the stock's rating. UBS has downgraded the stock. Meanwhile, the market is also witnessing a decline. Due to weakness in the entire market and the downgrade of the stock, L&T's stock is seeing a decline. The stock has fallen by 3.6 percent in today's day's trading on BSE.

What information has the company given about the project?
 

In the information sent to the stock market, the company has said that it has received an order for advanced welding techniques in the Global Nuclear Fusion Project. The company has kept the order size in the Significant category. According to the company, orders worth Rs 1000 to 2500 crores are placed in this category. According to the company, an agreement has been signed with ITER Organisation for this. This order is related to the world's largest nuclear fusion project in Southern France. What is the information on the rating of the stock? On Friday, UBS informed that it has downgraded the stock and given it a neutral ranking and reduced the target for the stock. According to UBS, this step has been taken in view of the challenges facing the company in the coming quarter. UBS has now set a target of 4000 for the stock. Earlier this target was 4400. L&T's stock has fallen by more than 11 percent in the last one month. The brokerage firm believes that even if the company's core income remains, there may be a slowdown in the growth of new orders.