L&T advances after new order win

Larsen & Toubro rose 1.47% to Rs 1,352.35 at 11:02 IST on BSE after the company's construction unit won orders worth Rs 1329 crore.

The announcement was made during market hours today, 2 November 2018.

Meanwhile, the S&P BSE Sensex was up 559.87 points, or 1.63% to 34,991.84

On the BSE, 59,000 shares were traded in the counter so far compared with average daily volumes of 2.22 lakh shares in the past two weeks. The stock had hit a high of Rs 1,358.75 and a low of Rs 1,339.55 so far during the day. The stock hit a 52-week high of Rs 1,469.60 on 1 February 2018. The stock hit a 52-week low of Rs 1,176 on 14 December 2017.

 

Larsen & Toubro's construction arm L&T Construction has won orders worth Rs 1329 crore across three business segments - Water & Effluent Treatment Business, Transportation Infrastructure Business and Smart World Communication Business.

L&T's consolidated net profit rose 28.37% to Rs 2593.41 crore on 21.6% rise in total income to Rs 32800.85 crore in Q2 September 2018 over Q2 September 2017. The result was announced after market hours on 31 October 2018.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

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