L&T tumbles after poor Q1 results

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Capital Market
Last Updated : Jul 22 2013 | 3:00 PM IST

L&T lost 5.82% to Rs 918 at 14:10 IST on BSE after net profit declined 12.46% to Rs 756.03 crore on 3.69% growth in total income to Rs 13027.66 crore in Q1 June 2013 over Q1 June 2012.

The Q1 result was announced during trading hours today, 22 July 2013.

Meanwhile, the S&P BSE Sensex was up 42.92 points or 0.21% at 20,192.77.

On BSE, 5.27 lakh shares were traded in the counter as against average daily volume of 2.31 lakh shares in the past two weeks.

The stock hit a high of Rs 988 and a low of Rs 914.90 so far during the day.

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

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First Published: Jul 22 2013 | 2:12 PM IST

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