L&T slips in volatile trade amid broad market slide

L&T fell 1.28% to Rs 1,701.05 at 15:21 IST on BSE in volatile trade, with the stock reversing intraday gains triggered by winning orders worth Rs 2552 crore across various segments.

Meanwhile, the S&P BSE Sensex was down 168.34 points or 0.54% at 30,969.87.

On the BSE, 1.25 lakh shares were traded on the counter so far as against the average daily volumes of 5.67 lakh shares in the past one quarter. The stock was volatile. The stock had hit a high of Rs 1,738.20 and a low of Rs 1,686.05 so far during the day. The stock had hit a 52-week high of Rs 1,834 on 30 May 2017 and a 52-week low of Rs 1,295.30 on 9 November 2016.

The large-cap company has equity capital of Rs 186.68 crore. Face value per share is Rs 2.

L&T said that the transportation, infrastructure and water effluent treatment business has jointly bagged an EPC order worth Rs 1223 crore from Aurangabad Industrial Township. The water and Effluent Treatment Business also won an EPC order worth Rs 1329 crore from the Mumbai Metropolitan Region Development Authority (MMRDA). The announcement was made during market hours today, 27 June 2017.

L&T's consolidated net profit rose 28.1% to Rs 3180.41 crore on 12.02% increase in net sales to Rs 36827.99 crore in Q4 March 2017 over Q4 March 2016.

L&T is a major Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

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