L&T slips ahead of Q2 results

L&T fell 2.29% to Rs 1,317.40 at 11:39 IST on BSE ahead of the company's Q2 September 2016 result announcement today, 22 November 2016.

Meanwhile, the BSE Sensex was up 48.21 points, or 0.19%, to 25,813.35.

On BSE, so far 1.05 lakh shares were traded in the counter, compared with average daily volume of 2.55 lakh shares in the past one quarter. The stock hit a high of Rs 1,360 and a low of Rs 1,306.60 so far during the day. The stock hit a 52-week high of Rs 1,615 on 27 July 2016. The stock hit a 52-week low of Rs 1,016.60 on 12 February 2016. The stock had underperformed the market over the past 30 days till 21 November 2016, sliding 10.74% compared with the 8.23% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 8.63% as against Sensex's 7.95% decline.

The large-cap company has equity capital of Rs 186.47 crore. Face value per share is Rs 2.

L&T announced during trading hours today, 22 November 2016, that its construction arm has won orders worth Rs 1926 crore across its various business segments.

L&T's consolidated net profit rose 45.5% to Rs 609.60 crore on 9.3% growth in net sales to Rs 21718.61 crore in Q1 June 2016 over Q1 June 2015.

L&T is a major Indian multinational engaged in technology, engineering, construction, manufacturing and financial services. It operates in more than 30 countries worldwide.

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