Larsen & Toubro (L&T) is currently trading at Rs. 1431.15, up by 11.65 points or 0.82% from its previous closing of Rs. 1419.50 on the BSE.
The scrip opened at Rs. 1413.00 and has touched a high and low of Rs. 1439.90 and Rs. 1407.80 respectively. So far 92590 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. 1213.30 on 06-Jun-2012.
Last one week high and low of the scrip stood at Rs. 1454.30 and Rs. 1378.00 respectively. The current market cap of the company is Rs. 88490.27 crore.
The Institutions and Non-Institutions held 52.86% and 43.55% stake in the company, respectively.
To overcome the slowdown in the domestic markets, Larsen & Toubro (L&T) reportedly is planning to bid for hydrocarbon projects worth $3 billion in the Middle-East and Malaysia in FY14. Witnessing slowdown in the domestic infrastructure sector and intense competition from peers, the company is now increasingly looking for growth from overseas markets.
The company has recently initiated the process to set up a separate subsidiary, L&T Hydrocarbon Engineering, for hydrocarbon business, which is aimed at scaling up the business internationally. The company aims to scale up the subsidiary's sales to $5 billion over the next five years from current $2 billion and subsequently list the subsidiary. Currently, L&T's hydrocarbon business accounts for 80% of overseas jobs and 20% of Indian projects.
On consolidated basis, the group has registered 10.91% rise in its net profit at Rs 5205.67 crore in FY13 as against Rs 4693.69 crore in previous year. Total income of the company has increased to Rs 75593.93 crore as compared to Rs 65142.08 crore in FY12, up by 16.04%.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3940.00 |
| Rail Vikas Nigam | 295.40 |
| NCC | 166.20 |
| KEC International | 581.65 |
| Kalpataru Projects | 1260.75 |
| View more.. | |
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