L&T advances after new order win

L&T rose 1.72% to Rs 1,194.95 at 10:39 IST on BSE after the company said its construction arm has won orders worth Rs 1247 crore across various businesses.

Meanwhile, the BSE Sensex was down 124.13 points, or 0.5%, to 24,700.91

On BSE, so far 92,448 shares were traded in the counter, compared with an average volume of 2.28 lakh shares in the past one quarter. The stock hit a high of Rs 1,199.95 and low of Rs 1,185 so far during the day. The stock had hit a 52-week low of Rs 1,145.50 yesterday, 11 January 2016. The stock hit a record high of Rs 1,892.95 on 4 March 2015. The stock had underperformed the market over the past one month till 11 January 2016, falling 8.53% compared with 0.88% decline in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 24.02% as against Sensex's 8.33% decline.

The large-cap company has an equity capital of Rs 186.24 crore. Face value per share is Rs 2.

L&T during market hours today, 12 January 2016 said that the company's construction arm, L&T Construction, has won orders worth Rs 1247 crore in the buildings & factories and power transmission & distribution businesses.

On a consolidated basis, L&T's net profit rose 15.6% to Rs 995.90 crore on 10.6% growth in net sales to Rs 23393.22 crore in Q2 September 2015 over Q2 September 2014.

L&T is a major Indian multinational engaged in technology, engineering, construction, manufacturing and financial services, with global operations. Its products and systems are marketed in over 30 countries worldwide.

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