L&T gains nearly 5% in two days

L&T rose 2.28% to Rs 847 at 14:41 IST on BSE, extending Tuesday's 2.38% rise triggered by L&T Construction winning new orders worth Rs 1605 crore across various business segments.

Meanwhile, the BSE Sensex was up 220.19 points, or 1.10%, to 20,203.80.

On BSE, 2.30 lakh shares were traded in the counter compared with average volume of 3.75 lakh shares in the past one quarter.

The stock hit a high of Rs 848.30 and a low of Rs 817 so far during the day. The stock hit a 52-week high of Rs 1,146.34 on 29 October 2012. The stock hit a 52-week low of Rs 678.10 on 28 August 2013.

The stock had outperformed the market over the past one month till 8 October 2013, rising 9.88% compared with the Sensex's 3.70% rise. The scrip had, however, underperformed the market in past one quarter, falling 11.52% as against Sensex's 3.41% rise.

The large-cap company has an equity capital of Rs 185.05 crore. Face value per share is Rs 2.

L&T announced during trading hours on Tuesday, 8 October 2013, that L&T Construction won new orders worth Rs 1605 crore across various business segments.

The stock rose 2.38% to Rs 828.10 on Tuesday, 8 October 2013. The stock is up 4.72% in two sessions from a recent low of Rs 808.85 on Monday, 7 October 2013.

Meanwhile, L&T announced during trading hours on Monday, 7 October 2013, that it secured two engineering, procurement and construction (EPC) projects aggregating about Rs 1100 crore in the hydrocarbon segment in UAE and Qatar. The stock fell 1.37% to Rs 808.85 on Monday, 7 October 2013.

L&T's net profit declined 12.5% to Rs 756.03 crore on 5% growth in net sales to Rs 12555.06 crore in Q1 June 2013 over Q1 June 2012.

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

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