Larsen & Toubro extends gain on order win
The was stock up nearly 3% at Rs 1,722, extending its Friday's 2.7% gain on the National Stock Exchange.
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Shares of Larsen & Toubro (L&T) were trading higher by nearly 3% at Rs 1,722, extending its Friday’s 2.7% gain on the National Stock Exchange (NSE), after one of its subsidiaries announced bagging orders worth Rs 1,711 crore across business segments.
The buildings and factories business of L&T Construction — an arm of the engineering and construction firm — fetched Rs 880 crore, while power transmission and distribution wing got Rs 676 crore orders, L&T said in a regulatory filing.
About Rs 155 crore came from water and renewable business segment, it said.
The stock opened at Rs 1,690 and touched high of Rs 1,725 on the NSE. A combined 1.83 million shares changed hands on the counter till 1430 hours on the NSE and BSE.
The buildings and factories business of L&T Construction — an arm of the engineering and construction firm — fetched Rs 880 crore, while power transmission and distribution wing got Rs 676 crore orders, L&T said in a regulatory filing.
About Rs 155 crore came from water and renewable business segment, it said.
The stock opened at Rs 1,690 and touched high of Rs 1,725 on the NSE. A combined 1.83 million shares changed hands on the counter till 1430 hours on the NSE and BSE.
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First Published: Mar 30 2015 | 2:35 PM IST