Larsen & Toubro extends gains on strong Q4 operational performance

The stock was up 3% at Rs 1,421 on the BSE in early morning trade, extending its 5% gain in the past one week, after the company reported better than expected operational performance in March 2018.

Shares of Larsen & Toubro (L&T) were trading 3% higher at Rs 1,421 per share on the BSE in early morning trade, extending their 5% gain in the past one week, after the company reported better than expected operational performance in March 2018 (Q4FY18). The stock was 4% away from its all-time high of Rs 1,470 touched on February 1, 2018 on the BSE in intra-day trade.

Engineering conglomerate L&T reported a 5% year-on-year increase in its consolidated profit after tax (PAT) at Rs 31.70 billion in Q4FY18 on improved operational performance. The firm’s revenues from operations were Rs