Friday, 8 January 2016

L&T down 2% despite order win

L&T Hydrocarbon Engineering (LTHE), a fully owned subsidiary of Larsen & Toubro, in consortium with McDermott has bagged an offshore contract from Oil & Natural Gas Corporation (ONGC) valued at Rs 24.50 bn.


L&T stock was down by 2% at Rs. 1186. L&T Hydrocarbon Engineering (LTHE), in consortium with McDermott has bagged an offshore contract from Oil & Natural Gas Corporation (ONGC) valued at Rs 24.50 bn.

Larsen & ToubroThe scrip opened at Rs. 1215 and has touched a high and low of Rs. 1217 and Rs. 1185.05 respectively. So far 979785(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 112332.43 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. 1200 on 07-Jan-2016. Last one week high and low of the scrip stood at Rs. 1291.25 and Rs. 1200 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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