Larsen & Toubro surges on order win

The company said its construction arm has won contracts worth Rs. 13.76 billion in power transmission and distribution business this month.

Larsen & Toubro Ltd is currently trading at Rs. 1479.4, up by 0.9% from its previous closing of Rs. 1466.7 on the BSE.

The company said its construction arm has won contracts worth Rs. 13.76 billion in power transmission and distribution business this month.

The scrip opened at Rs. 1480 and has touched a high and low of Rs. 1484.8 and Rs. 1472 respectively. So far 310144(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 136500.19 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. 1489 and Rs. 1413.15 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 200 DMA.