Tuesday, 12 January 2016

L&T Construction wins orders worth Rs.1,247 crore

The construction arm of Larsen & Turbo has won orders worth Rs. 1247 crores in the Building & Factories and Power Transmission & Distribution Business.


Construction Worker
Larsen & Toubro Ltd is currently trading at Rs. 1197.45, up by Rs. 22.65 or 1.93% from its previous closing of Rs. 1174.8 on the BSE.

The construction arm of Larsen & Turbo has won orders worth Rs. 1247 crores in the Building & Factories and Power Transmission & Distribution Business.

The scrip opened at Rs. 1185 and has touched a high and low of Rs. 1199.95 and Rs. 1185 respectively. So far 710380(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 109399.11 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. 1145.5 on 11-Jan-2016. Last one week high and low of the scrip stood at Rs. 1269 and Rs. 1145.5 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 55.28 % and 42.36 % respectively.

The stock is currently trading above its 200 DMA.

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