Larsen & Toubro continues to trade in fine fettle on the bourses

Larsen & Toubro is currently trading at Rs 1291.10, up by 14.30 points or 1.12% from its previous closing of Rs 1276.80 on the BSE.

The scrip opened at Rs 1270.00 and has touched a high and low of Rs 1294.90 and Rs 1261.40 respectively. So far 141504 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 1867.85 on 08-Jul-2011 and a 52 week low of Rs 971.00 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs 1291.00 and Rs 1106.40 respectively. The current market cap of the company is Rs 78846.33 crore.

The Institutions holding in the company stood at 52.25% while Non-Institutions held 44.64 % of the stake.

L&T Construction, the Engineering Construction and Contracts division of L&T has won new orders worth Rs 2410 crore across various businesses  during the first quarter of FY13. Of which the company has secured Rs 1821 crore worth of order from leading developers for the construction of major residential towers across various cities in the northern part of the country under building and factories IC segment.

Moreover, the company’s infrastructure IC has won order worth Rs 345 crore for the design and construction of viaducts and three elevated stations from Delhi Metro Rail Corporation (DMRC) which also includes additional orders from various ongoing projects.

In another development, the water Effluent and Treatment business of the company has bagged order worth Rs 244 crore from Bangalore Water Supply and Sewerage board for upgrading the existing water distribution systems including additional orders from various ongoing projects.