L&T’s market cap rose by Rs 3,534.38 crore to Rs 1,43,646.38 crore last week.TCS remains on top with a market cap of Rs 4,19,990.45 crore in its valuation.
The L&T stock hit a high of 1650 in early trade today and saw volumes of over a million in the initial hour.
On Thursday, Larsen & Toubro announced that it had recorded gross revenue of Rs.57164 crore for the year ended March 2014, registering a growth of 10% over the previous year.The International revenue during the year at Rs. 9129 crore constituted 16% of the total revenue and registered a y-o-y growth of 22%.
For the quarter ended March 31, 2014, gross revenue stood at Rs. 20229 crore, registered a y-o-y growth of 11% with progress on various jobs under execution. The International revenue during the quarter ended March 31, 2014 at Rs. 2966 crore constituted 15% of the total revenue and registered a growth of 25% on a y-o-y basis.
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