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New orders boost L&T

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Capital Market

L&T rose 1.19% to Rs 1,655.45 at 10:00 IST on BSE after the company said its construction division won orders worth Rs 1711 crore across various business segments in this month.

The announcement was made during market hours today, 27 March 2015.

Meanwhile, the S&P BSE Sensex was up 77.31 points or 0.28% at 27,539.69.

On BSE, so far 33,000 shares were traded in the counter as against average daily volume of 2.06 lakh shares in the past two weeks.

The stock hit a high of Rs 1,665 and a low of Rs 1,647 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 1,242.45 on 17 April 2014.

 

On consolidated basis, L&T's 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.

Larsen & Toubro 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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First Published: Mar 27 2015 | 9:52 AM IST

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