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L&T drops on profit taking

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Capital Market

Meanwhile, the S&P BSE Sensex was up 48.97 points or 0.24% at 20,079.74.

On BSE, 1.36 lakh shares were traded in the counter as against average daily volume of 2.42 lakh shares in the past one quarter.

The stock hit a high of Rs 1,477.50 and a low of Rs 1,443.95 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.

The stock had underperformed the market over the past one month till 27 May 2013, sliding 4.96% compared with the Sensex's 3.86% rise. The scrip had also underperformed the market in past one quarter, rising 3.9% as against Sensex's 4.59% gain.

 

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

Shares of L&T had risen 3.29% in two trading sessions to settle at Rs 1,465.40 on Monday, 27 May 2013, from a recent low of Rs 1,418.65 on 23 May 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: May 28 2013 | 1:03 PM IST

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