L&T is currently trading at Rs. 1372.10, up by 17.20 points or 1.27% from its previous closing of Rs. 1354.90 on the BSE.
The scrip opened at Rs. 1363.90 and has touched a high and low of Rs. 1372.40 and Rs. 1342.40 respectively. So far 1, 26,000 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. 1308.00 on 27-Jul-2012.
Last one week high and low of the scrip stood at Rs. 1464.00 and Rs. 1345.00 respectively. The current market cap of the company is Rs. 84,497 crore.
The Institutions and Non-Institutions held 52.86% and 43.55% stake respectively in the company.
Larsen & Toubro (L&T), India’s largest engineering and Construction Company, is looking to build its order book of Rs 2000 crore over next two years. The company is having presence in defence equipment space for 3 decades. The company was working closely with DRDO for building defence equipment. At present, the company is building 54 interceptor boats for Indian Coast Guard.
Recently, the company has announced that it is competing for defense contracts worth up to Rs 8,000 crore, which will be awarded in the next few months. Among others, the company has placed bids for four contracts from the Indian coast guard worth about Rs 4,000 crore for supplying training ships and support vehicles, the orders of which are likely to be finalized in the next six months.