L&T rose 1.08% to Rs 1,334.55 at 13:11 IST on BSE, with the stock recovering on bargain hunting after 5-day 7.17% slide.
Meanwhile, the S&P BSE Sensex was up 85.73 points or 0.47% at 18,312.21.
On BSE, 1.10 lakh shares were traded in the counter as against average daily volume of 2.10 lakh shares in the past one quarter.
The stock hit a high of Rs 1,339.60 and a low of Rs 1,321 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 9 April 2013, sliding 11.75% compared with the Sensex's 7.4% fall. The scrip had also underperformed the market in past one quarter, declining 14.83% as against Sensex's 7.32% fall.
The large-cap company has equity capital of Rs 123.16 crore. Face value per share is Rs 2.
Shares of L&T had declined 7.17% in five trading sessions to settle at Rs 1,320.25 on Tuesday, 9 April 2013, from a recent high of Rs 1,422.35 on 2 April 2013.
L&T on 5 April 2013 said that its construction division has secured new orders valued over Rs 2004 crore across various segments in March 2013.
L&T on 3 April 2013 said that its construction division has secured an order worth AED 943.11 million for the development of the prestigious Midfield Terminal Complex -- an airside construction project for Abu Dhabi Airports Company, PJSC UAE. The project will commence in April 2013 with a construction period of 28 months. The Airport Terminal Complex is expected to be commissioned by 2017.
L&T on 2 April 2013 said that its construction division has secured new orders valued over Rs 3700 crore across various business segments in March 2013.
L&T's net profit rose 13.1% to Rs 1121.75 crore on 10.3% growth in net sales to Rs 15429.36 crore in Q3 December 2012 over Q3 December 2011.
L&T is a $13.5 billion leading engineering, construction, manufacturing and financial services conglomerate with global operations.
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