Larsen & Toubro surges on reporting 13% surge in Q3 net profit

24 Jan 2013

Larsen & Toubro is currently trading at Rs. 1589.00, up by 27.80 points or 1.78% from its previous closing of Rs. 1561.20 on the BSE.

The scrip opened at Rs. 1561.50 and has touched a high and low of Rs. 1595.55 and Rs. 1500.00 respectively. So far 596286 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1719.50 on 29-Oct-2012 and a 52 week low of Rs. 1106.40 on 04-Jun-2012.

Last one week high and low of the scrip stood at Rs. 1595.55 and Rs. 1522.20 respectively. The current market cap of the company is Rs. 94722.88 crore.

The Institutions and Non-Institutions held 53.49% and 43.11% stake in the company, respectively. Larsen & Toubro has reported results for third quarter ended December 31, 2012.

The company has registered a rise of 13.13% in its net profit at Rs 1121.75 crore in Q3FY13 as compared to Rs 991.55 crore in the corresponding quarter previous year. The total income from operation of the company has increased by 10.77% to Rs 15959.54 crore for the quarter under review as compared to Rs 14407.19 crore in the same quarter last year.

Larsen & Toubro is the biggest legacy of two Danish Engineers, who built a world-class organization that is professionally managed and a leader in India's engineering and construction industry. It was the business of cement that brought the young Henning Holck-Larsen and S.K. Toubro into India


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