L&T gains after large order win

L&T rose 1.08% to Rs 1,753 at 15:12 IST on BSE after the company said its construction division L&T Construction won orders worth Rs 5492 crore across various business segments in March 2015.

The company made announcement during market hours today, 1 April 2015.

Meanwhile, the BSE Sensex was up 232.62 points, or 0.82%, to 28,492.76

On BSE, so far 1.59 lakh shares were traded in the counter, compared with an average volume of 2.43 lakh shares in the past one quarter.

The stock hit high of Rs 1,761.90 and low of Rs 1,722.85 so far during the day. The stock hit a record high of Rs 1,892.95 on 4 March 2015. The stock hit a 52-week low of Rs 1,242.45 on 17 April 2014.

The stock had outperformed the market over the past one month till 1 April 2015, falling 1.85% compared with 3.75% decline in the Sensex. The scrip also outperformed the market in past one quarter, rising 15.44% as against Sensex's 2.74% rise.

The large-cap engineering and construction major has an equity capital of Rs 185.91 crore. Face value per share is Rs 2.

In the building and factories business, L&T Construction secured orders worth Rs 2768 crore including add-ons. In the power transmission and distribution business, L&T Construction bagged orders worth Rs 984 crore in both the domestic and international markets, including add-ons. In the water and renewable energy business, L&T Construction won order worth Rs 188 crore. Additional orders worth Rs 1552 crore have been received from various ongoing jobs of other businesses of L&T Construction, L&T said.

L&T's consolidated net profit rose 8.8% to Rs 866.54 crore on 9.5% rise in total income to Rs 24082.58 crore in Q3 December 2014 over Q3 December 2013.

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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