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L&T trades almost flat

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Capital Market
Last Updated : Mar 14 2018 | 11:50 AM IST

L&T was down 0.07% to Rs 1,301.20 at 11:35 IST on BSE in a lacklustre trade, even as the company announced that its wholly owned subsidiary viz. L&T Hydrocarbon Engineering, has won orders worth above Rs 1600 crore across various business segments.

The announcement was made during market hours today, 14 March 2018.

Meanwhile, the S&P BSE Sensex was down 192.70 points or 0.57% at 33,664.08.

On the BSE, 39,000 shares were traded on the counter so far as against average daily volumes of 3.35 lakh shares in the past one quarter. The stock had hit a high of Rs 1,312.05 and a low of Rs 1,300.05 so far during the day. The stock had hit a record high of Rs 1,469.60 on 1 February 2018 and a 52-week low of Rs 986.67 on 10 March 2017.

The large-cap company has equity capital of Rs 280.27 crore. Face value per share is Rs 2.

L&T's consolidated net profit surged 48.4% to Rs 1617.88 crore on 10.1% growth in net sales to Rs 28747.45 crore in Q3 December 2017 over Q3 December 2016.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

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First Published: Mar 14 2018 | 11:38 AM IST

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