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L&T recovers after 7-day 7% slide

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Capital Market Mumbai
Last Updated : Apr 22 2013 | 2:44 PM IST

Meanwhile, the BSE Sensex was up 169.59 points or 0.86% at 19,833.23.

On BSE, 1.03 lakh shares were traded in the counter as against average daily volume of 1.84 lakh shares in the past one quarter.

The stock hit a high of Rs 1,554.65 and a low of Rs 1,531.10 so far during the day. The stock had hit a 52-week high of Rs 1,719.50 on 29 October 2012. The stock had hit a 52-week low of Rs 1,106.40 on 4 June 2012.

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The stock had underperformed the market over the past one month till 11 January 2013, sliding 8.15% compared with the Sensex's 1.43% rise. The scrip had also underperformed the market in past one quarter, declining 7.16% as against Sensex's 4.57% surge.

The large-cap engineering and construction company has equity capital of Rs 122.98 crore. Face value per share is Rs 2.

Shares of L&T had declined 7.09% in seven trading sessions to settle at Rs 1,531.45 on Friday, 11 January 2013, from a recent high of Rs 1,648.45 on 2 January 2013.

L&T's net profit jumped 42.5% to Rs 1137.31 crore on 17.4% growth in net sales to Rs 13195.23 crore in Q2 September 2012 over Q2 September 2011. The company announces Q3 December 2012 results on 24 January 2013.

L&T is a $13.5 billion technology, engineering, construction, manufacturing and financial services conglomerate with global operations.

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First Published: Jan 14 2013 | 11:32 PM IST

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