L&T rose 3% to Rs 1,233.50 at 13:38 IST on BSE after the company said L&T Construction has won new orders worth Rs 2935 crore across various business segments in February and March 2014.
The company made the announcement during trading hours today, 10 March 2014.
Meanwhile, the BSE Sensex was down 1.72 points, or 0.01%, to 21,918.07.
On BSE, so far 4.11 lakh shares were traded in the counter, compared with an average volume of 2.17 lakh shares in the past one quarter.
The stock hit a high of Rs 1,241.60 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 1,185 so far during the day. The stock hit a 52-week low of Rs 678.10 on 28 August 2013.
The stock had outperformed the market over the past one month till 7 March 2014, rising 21.97% compared with the Sensex's 7.57% rise. The scrip had also outperformed the market in past one quarter, rising 9.21% as against Sensex's 4.40% rise.
The large-cap company has an equity capital of Rs 185.38 crore. Face value per share is Rs 2.
L&T said in the transportation infrastructure business, new orders worth Rs 1035 crore have been won. The buildings & factories business has bagged orders worth Rs 562 crore. The water & renewable energy business has secured orders worth Rs 553 crore. The power transmission & distribution has bagged new orders worth Rs 502 crore in domestic and international markets. Additional orders worth Rs 283 crore have also been received from various ongoing jobs of the metallurgical & material handling and heavy civil infrastructure business, L&T said in a statement.
L&T's net profit rose 10.6% to Rs 1240.70 crore on 11.8% growth in net sales to Rs 14387.51 crore in Q3 December 2013 over Q3 December 2012.
L&T is a $14 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T Construction is a brand of Larsen & Toubro.
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