CapitalMarket.com - L&T gains on bargain hunting
Hot Pursuit Wednesday, March 21, 2012 14:53 Hrs IST

Print this page


L&T gains on bargain hunting

L&T jumped 4.90% at Rs 1,353.65 at 14:49 IST on BSE on bargain hunting after the stock fell 7.47% in the preceding four sessions to Rs 1,290.40 on 20 March 2012 from Rs 1,394.70 on 14 March 2012.

Meanwhile, the BSE Sensex was up 263.20 points, or 1.52%, to 17,579.38.

On BSE, 3.71 lakh shares were traded in the counter as against an average daily volume of 4.72 lakh shares in the past one quarter.

The stock hit a high of Rs 1,356 and a low of Rs 1,278 so far during the day. The stock had hit a 52-week high of Rs 1,867.85 on 8 July 2011. The stock had hit a 52-week low of Rs 971 on 21 December 2011.

The stock had underperformed the market over the past one month until 20 March 2012, falling 10.92% compared with the Sensex's 5.32% fall. The scrip had, however, outperformed the market in past one quarter, rising 31.79% as against 14.11% rise in the Sensex.

India's largest engineering and construction company by sales has an equity capital of Rs 122.48 crore. Face value per share is Rs 2.

L&T's net profit rose 18% to Rs 991.55 crore on 22.8% growth in net sales to Rs 13998.58 crore in Q3 December 2011 over Q3 December 2010.

L&T is a $11.7 billion technology, engineering, construction, manufacturing and financial services conglomerate with global operations.

Previous Stories
More 4
Other Stories
4  Camson Bio gains after inking MoU with Kerala Cardamom Processing and Marketing Company (31-Mar 15:23 Hrs IST)
4  Firstsource Solutions spurts after US unit makes repayment on outstanding debt (31-Mar 15:09 Hrs IST)
4  Nitesh Estates spurts after launching high rise condominium project in Bangalore (31-Mar 15:05 Hrs IST)
4  L&T gains after bagging Rs 1432 crore defence order for patrol vessels (31-Mar 14:24 Hrs IST)
4  Supreme (India) Impex trades just a tad above the IPO price (31-Mar 14:15 Hrs IST)
4  Volumes jump at Magma Fincorp counter (31-Mar 13:44 Hrs IST)
4  Mastek jumps after US subsidiary gets clearance to list shares on NYSE (31-Mar 13:22 Hrs IST)
4  Valecha Engineering jumps after winning orders (31-Mar 13:19 Hrs IST)
4  FM radio broadcasters gain after submitting application for FM phase III e-auction (31-Mar 12:34 Hrs IST)
4  NBFCs mixed after RBI proposes new norms (31-Mar 12:27 Hrs IST)
Next4