L&T rose 1.12% to Rs 820.50 at 12:29 IST on BSE, with the stock recovering on bargain hunting after 2-day 8.63% slide.
Meanwhile, the S&P BSE Sensex was down 39.10 points or 0.2% at 19,861.86.
On BSE, 1.41 lakh shares were traded in the counter as against average daily volume of 3.62 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 2.48% at the day's high of Rs 831.60 so far during the day. The stock lost as much as 1.25% at the day's low of Rs 801.25 so far during the day. The stock hit a 52-week high of Rs 1,146.34 on 29 October 2012. The stock hit a 52-week low of Rs 678.10 on 28 August 2013.
The stock had outperformed the market over the past one month till 23 September 2013, jumping 9.84% compared with the Sensex's 7.46% surge. The scrip had, however, underperformed the market in past one quarter, declining 12.68% as against Sensex's 6% gain.
The large-cap company has equity capital of Rs 185.05 crore. Face value per share is Rs 2.
Shares of L&T had declined 8.63% in two trading sessions to settle at Rs 811.45 on Monday, 23 September 2013, from a recent high of Rs 888.15 on 19 September 2013.
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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