New orders boost L&T

L&T rose 3.29% to Rs 1,744.95 at 15:11 IST on BSE after the company said that its construction division has secured orders worth Rs 2674 crore across various business segments.

The announcement was made during market hours today, 22 April 2015.

Meanwhile, the S&P BSE Sensex was up 212.19 points or 0.77% at 27,888.23.

On BSE, so far 1.56 lakh shares were traded in the counter as against average daily volume of 2.37 lakh shares in the past one quarter.

The stock hit a high of Rs 1,746.75 and a low of Rs 1,686 so far during the day. The stock had hit a record high of Rs 1,892.95 on 4 March 2015. The stock had hit a 52-week low of Rs 1,251.60 on 5 May 2014.

The stock had outperformed the market over the past one month till 21 April 2015, advancing 1.16% compared with the Sensex's 2.07% fall. The scrip had also outperformed the market in past one quarter, rising 2.46% as against Sensex's 4.2% fall.

The large-cap company has equity capital of Rs 186.01 crore. Face value per share is Rs 2.

L&T's consolidated net profit rose 8.8% to Rs 866.54 crore on 9.7% growth in net sales to Rs 23847.86 crore in Q3 December 2014 over Q3 December 2013.

L&T is a major Indian multinational engaged in technology, engineering, construction, manufacturing and financial services, with global operations. Its products and systems are marketed in over 30 countries worldwide.

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