Friday 2 March 2012

L & T GAINS ON BAGGING ORDERS


Date: 02.03.2012
Larsen & Toubro (L&T) gained on Friday after L&T Construction has bagged new orders worth Rs 13.06 billion across various business segments in February 2012.

Shares of the company are trading at Rs 1,303.85, up Rs 25.85, or 2.02% at the Bombay Stock Exchange (BSE) on Friday at 2:26 p.m.

The Power Transmission & Distribution IC has secured new orders aggregating Rs 5.14 billion from various clients. This includes a major order from Power Grid Corporation of India. The Building & Factories IC, secured new orders worth Rs 4.51 billion for. In the solar business unit, L&T Construction has secured an order worth Rs 2.2 billion from a leading developer.

The scrip has touched an intra-day high of Rs 1,319.90 and low of Rs 1,272.25. The total volume of shares traded at the BSE is 359,331.

In the earlier session, the shares fell 2.3%, or Rs 30.1, at Rs 1,278. Currently, the stock is trading down 32.55% from its 52-week high of Rs 1,932.95 and above 34.28% over the 52-week low of Rs 971.

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By
GIRL Team

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