L&T firms ahead of FY13 results

Meanwhile, the S&P BSE Sensex was up 63.15 points or 0.31% at 20,174.76.

On BSE, 1.01 lakh shares were traded in the counter as against average daily volume of 2.14 lakh shares in the past one quarter.

The stock hit a high of Rs 1,617.30 and a low of Rs 1,595.65 so far during the day. The stock had hit a 52-week high of Rs 1,719.50 on 29 October 2012. The stock had hit a 52-week low of Rs 1,106.40 on 4 June 2012.

The stock had outperformed the market over the past one month till 21 May 2013, rising 9.09% compared with the Sensex's 5.76% rise. The scrip also outperformed the market in past one quarter, advancing 12.73% as against Sensex's 4.07% rise.

The large-cap company has equity capital of Rs 123.16 crore. Face value per share is Rs 2.

L&T unveils results for the year ended 31 March 2013 (FY 13) today, 22 May 2013. The company's net profit rose 13.1% to Rs 1121.75 crore on 10.3% growth in net sales to Rs 15429.36 crore in Q3 December 2012 over Q3 December 2011.

L&T is a $14 billion technology, engineering, construction, manufacturing and financial services conglomerate with global operations.

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