Tuesday 29 September 2015

L&T Construction bags orders worth Rs.15.09 billion; stock flat

The company has bagged orders worth Rs. 15.09 billion so far this month.  Larsen & Toubro Infotech Limited, a subsidiary of Larsen & Toubro Limited, has filed its draft red herring prospectus with the SEBI in order to undertake an initial public offering of its Equity Shares (the Issue).



Larsen & Toubro Ltd is currently trading at Rs. 1424, down by 0.41% from its previous closing of Rs. 1430.1 on the BSE.

The company has bagged orders worth Rs. 15.09 billion so far this month.  Larsen & Toubro Infotech Limited, a subsidiary of Larsen & Toubro Limited, has filed its draft red herring prospectus with the SEBI in order to undertake an initial public offering of its Equity Shares (the Issue).

The scrip opened at Rs. 1424.9 and has touched a high and low of Rs. 1429.5 and Rs. 1413.15 respectively. So far 99426(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 133093.97 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1892.95 on 04-Mar-2015 and a 52 week low of Rs. 1400 on 08-Oct-2014. Last one week high and low of the scrip stood at Rs. 1562.95 and Rs. 1425 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 55.68 % and 41.93 % respectively.

The stock is currently trading above its 100 DMA.

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