L&T fell 5.20% to Rs 842 at 14:57 IST on BSE on profit booking after the stock rose 8.05% in the preceding two trading sessions to Rs 888.15 on 19 September 2013 from a recent low of Rs 821.95 on 17 September 2013.
Meanwhile, the BSE Sensex was down 488.33 points, or 2.37%, to 20,158.31.
On BSE, 3.62 lakh shares were traded in the counter compared with average volume of 3.56 lakh shares in the past one quarter.
The stock hit a high of Rs 885.70 and a low of Rs 834 so far during the day. The stock hit a 52-week low of Rs 678.10 on 28 August 2013. The stock hit a 52-week high of Rs 1,146.34 on 29 October 2012.
The stock had outperformed the market over the past one month till 19 September 2013, rising 20.30% compared with the Sensex's 12.78% rise. The scrip had, however, underperformed the market in past one quarter, sliding 7.32% as against Sensex's 7.28% rise.
The large-cap company has an equity capital of Rs 185.05 crore. Face value per share is Rs 2.
L&T's net profit declined 12.46% to Rs 756.03 crore on 5% growth in gross revenue to Rs 12704 crore in Q1 June 2013 over Q1 June 2012. L&T attributed the decline in net profit to unfavorable job mix, lower margin accruals and lower other income.
L&T's revenue from international business jumped 68% to Rs 3378 crore in Q1 June 2013 over Q1 June 2012.
L&T's order inflow jumped 28% to Rs 25159 crore in Q1 June 2013 over Q1 June 2012. International order inflow jumped 2.28 times at Rs 3617 crore in Q1 June 2013 over Q1 June 2012. International orders constituted 14% of the total order inflow in Q1 June 2013. The major orders during the year came from Building & Factories, Transportation Infrastructure, Hydrocarbon and Heavy Civil Infrastructure businesses, L&T said.
With a healthy order book, strong balance sheet, wide ranging capabilities and international presence, the company is optimistic about its prospects as both the Indian and global economies work towards their recovery, L&T said. On the international front, the company continues to focus on good prospects in various countries in the Middle East and select markets in CIS region, Africa and South Asia, L&T said.
L&T is a $14 billion technology, engineering, construction, manufacturing and financial services conglomerate with global operations.
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