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L&T drops on profit booking

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Capital Market
Last Updated : Jul 02 2013 | 12:30 PM IST

Meanwhile, the S&P BSE Sensex was down 34.08 points or 0.17% at 19,543.31.

On BSE, 48,000 shares were traded in the counter as against average daily volume of 2.25 lakh shares in the past one quarter.

The stock hit a high of Rs 1,450 and a low of Rs 1,428.45 so far during the day. The stock had hit a 52-week low of Rs 1,308 on 27 July 2012. The stock had hit a 52-week high of Rs 1,719.50 on 29 October 2012.

The stock had outperformed the market over the past one month till 1 July 2013, surging 3.45% compared with the Sensex's 0.93% slide. The scrip had also outperformed the market in past one quarter, jumping 3.96% as against Sensex's 3.78% rise.

The large-cap company has equity capital of Rs 123.24 crore. Face value per share is Rs 2.

Shares of L&T had surged 7.37% in two trading sessions to settle at Rs 1,449.95 on Monday, 1 July 2013, from a recent low of Rs 1,350.35 on 27 June 2013.

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L&T during trading hours on Monday, 1 July 2013 said its construction division has secured new orders worth Rs 3057 crore across various business segments in June 2013.

L&T's net profit declined 6.9% to Rs 1787.94 crore on 9.9% growth in net sales to Rs 20293.83 crore in Q4 March 2013 over Q4 March 2012.

L&T is a $14 billion technology, engineering, construction, manufacturing and financial services conglomerate with global operations.

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First Published: Jul 02 2013 | 11:44 AM IST

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