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L&T gains on bagging order worth Rs 700 crore from Piramal Realty

22 Aug 2016 Evaluate

Larsen & Toubro is currently trading at Rs. 1497.70, up by 7.30 points or 0.49% from its previous closing of Rs. 1490.40 on the BSE.

The scrip opened at Rs. 1493.00 and has touched a high and low of Rs. 1501.50 and Rs. 1490.00 respectively. So far 9,596 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1760.00 on 21-Aug-2015 and a 52 week low of Rs. 1016.60 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1513.90 and Rs. 1474.00 respectively. The current market cap of the company is Rs. 1,39,906.00 crore.

The Institutions and Non-Institutions held 56.49% and 43.51% respectively in the company.

Larsen & Toubro’s (L&T) construction arm -- L&T Constructions has received orders worth Rs 700 crore from Piramal Group’s real estate firm, Piramal Realty for construction of its housing project - Piramal Aranya in Mumbai. The contract is for the core and shell civil work for Piramal Aranya covering nearly four million sq ft of construction area.

Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.


Peers
Company Name CMP
Larsen & Toubro 3830.15
Kalpataru Projects 1399.50
NCC 135.65
Rail Vikas Nigam 201.15
KEC International 401.55
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