L&T gains on plan to increase focus on international expansion

24 May 2013

Larsen & Toubro is currently trading at Rs. 1428.00, up by 9.35 points or 0.66% from its previous closing of Rs. 1418.65 on the BSE.

The scrip opened at Rs. 1435.30 and has touched a high and low of Rs. 1450.00 and Rs. 1426.35 respectively. So far 34,000 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. 1652.10 and Rs. 1407.00 respectively. The current market cap of the company is Rs. 87,939.00 crore.

The Institutions and Non-Institutions held 52.86% and 43.55% respectively.

Larsen & Toubro (L&T), the infrastructure conglomerate is likely to increase its focus on international expansion and aims to get more than double its overseas orders to Rs 25,000 crore this fiscal. In financial year 2013, the company has bagged Rs 88,035 crore orders, out of which international order inflow constituted a good 17% or Rs 12,000 crore, twice as that in previous year.

The company is expecting nearly Rs 25,000 crore worth orders from Far East and West Asia market in current fiscal. Further, the company also sees good prospects in countries like Middle East, select markets in CIS region, Africa and South Asia.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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