L&T inches up after securing new orders

The company announced new orders during trading hours today, 6 June 2013.

Meanwhile, the S&P BSE Sensex was down 86.62 points or 0.44% at 19,481.60.

On BSE, 98,000 shares were traded in the counter as against average daily volume of 2.36 lakh shares in the past one quarter.

The stock hit a high of Rs 1,439.90 and a low of Rs 1,407.80 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 1,166.50 on 5 June 2012.

The stock had underperformed the market over the past one month till 5 June 2013, sliding 9.53%, compared with the Sensex's 0.04% fall. The scrip had also underperformed the market in past one quarter, rising 1.84% as against Sensex's 2.22% gain.

The large-cap company has equity capital of Rs 123.24 crore. Face value per share is Rs 2.

L&T said that its Building & Factories business segment has secured orders worth Rs 528 crore for construction of office buildings at Bangalore and Ahmedabad from esteemed customers.

The Water & Renewable Energy business secured orders worth Rs 806 crore, of which Rs 700 crore is for the turnkey EPC (engineering, procurement and construction) contract for a solar photovoltaic power plant in Tamil Nadu.

In the Transportation Infrastructure segment, the company bagged orders worth Rs 451 crore.

In the Power Transmission & Distribution business, new orders worth Rs 217 crore have been received, L&T said in a statement.

L&T's net profit declined 6.9% to Rs 1787.94 crore on 9.9% growth in net sales to Rs 20293.83 crore in Q4 March 2013 over Q4 March 2012.

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

Powered by Capital Market - Live News