L&T gains momentum amidst sluggish trade on BSE

Larsen & Toubro (L&T) is currently trading at Rs 1643.55, up by 10.45 points or 0.64% from its previous closing of Rs 1633.10 on the BSE.

The scrip opened at Rs 1640.00 and has touched a high and low of Rs 1656.90 and Rs 1612.00 respectively. So far 386898 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 1635.60 on 04-Oct-2012 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 1635.60 and Rs 1581.50 respectively. The current market cap of the company is Rs 101033.23 crore.

The Institutions holding in the company stood at 52.48% while Non-Institutions held 44.33% of the stake in the company.

Larsen and Toubro Construction (L&T Construction), the wholly owned subsidiary of Larsen and Toubro (L&T) has bagged orders worth Rs 1,439 in September 2012. The Buildings & Factories IC of the company has bagged new orders worth Rs 1,439 crore from leading developers for the design and construction of major residential building projects in the National Capital Regional (NCR), Delhi.

L& Construction’s Building and Factories IC has been offering pioneering solutions in residential building that cover design and construction of large townships and high-rise apartments.  L&T Construction is a business brand of L&T, which is $12.8 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations