L&T rose 0.76% to Rs 1466.40 at 9:45 IST on BSE after the company said its construction arm has won orders worth Rs 2046 crore across various business segments.
The announcement was made during trading hours today, 29 September 2016.Meanwhile, the BSE Sensex was up 146.92 points, or 0.52%, to 28,439.73.
On BSE, so far 9,891 shares were traded in the counter, compared with average daily volume of 1.66 lakh shares in the past one quarter. The stock hit a high of Rs 1,469 and a low of Rs 1,460 so far during the day. The stock hit a 52-week high of Rs 1,615 on 27 July 2016. The stock hit a 52-week low of Rs 1,016.60 on 12 February 2016. The stock had underperformed the market over the past 30 days till 28 September 2016, sliding 1.26% compared with 0.18% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 2.73% as against Sensex's 4.79% rise.
The large-cap company has equity capital of Rs 186.47 crore. Face value per share is Rs 2.
L&T said power transmission a distribution business has won engineering, procurement and construction orders worth Rs 826 crore. Heavy civil infrastructure business has secured a prestigious order worth Rs 675 crore in the metro sector. Building & factories business has bagged a residential project worth Rs 434 crore from a renowned client. Transportation infrastructure business has secured additional orders worth Rs 111 crore in its various ongoing projects.
L&T's consolidated net profit rose 45.51% to Rs 609.60 crore on 9.33% growth in net sales to Rs 21718.61 crore in Q1 June 2016 over Q1 June 2015.
L&T is a major Indian multinational engaged in technology, engineering, construction, manufacturing and financial services. It operates in more than 30 countries worldwide.
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