L&T rose 0.99% to Rs 729.30 at 11:03 IST on BSE after the company said it has recently secured new orders worth Rs 807 crore.
The announcement was made during trading hours today, 30 August 2013.
Meanwhile, the S&P BSE Sensex was up 149.84 points or 0.81% at 18,550.88.
On BSE, 1.33 lakh shares were traded in the counter as against average daily volume of 3.06 lakh shares in the past one quarter.
The stock hit a high of Rs 732.75 and a low of Rs 710 so far during the day. The stock had hit a 52-week high of Rs 1,146.34 on 29 October 2012. The stock had hit a 52-week low of Rs 678.10 on 28 August 2013.
The stock had underperformed the market over the past one month till 29 August 2013, sliding 14.17% compared with the Sensex's 6.08% fall. The scrip had also underperformed the market in past one quarter, declining 25.14% as against Sensex's 8.67% fall.
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The large-cap company has equity capital of Rs 185.05 crore. Face value per share is Rs 2.
L&T Hydrocarbon has recently secured new orders worth Rs 807 crore for the supply of cracking furnace modules and parts, supply of equipment, EPC execution of cryogenic ethylene package, civil, structural, mechanical, electrical & instrumentation for petrochemical complexes of oil companies in India. Fabrication and assembly work for all the modules and equipment will be done at L&T's modular fabrication facility at Hazira near Surat, L&T said in a statement.
L&T's net profit declined 12.5% to Rs 756.03 crore on 5% growth in net sales to Rs 12555.06 crore in Q1 June 2013 over Q1 June 2012.
L&T is a $14 billion technology, engineering, construction, manufacturing and financial services conglomerate with global operations.
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