Larsen & Toubro Ltd.

Larsen and Toubro (L&T) is currently trading at Rs. 1683.70, up by 8.80 points or 0.53% from its previous closing of Rs. 1674.90 on the BSE.

The scrip opened at Rs. 1676.00 and has touched a high and low of Rs. 1691.60 and Rs. 1674.10 respectively. So far 59154 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. 971.00 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 1719.50 and Rs. 1611.00 respectively. The current market cap of the company is Rs. 103485.54 crore.

The Institutions and Non-Institutions held 53.24% and 43.55% stake in the company, respectively.  

The Infrastructure IC of Larsen and Toubro Construction (L&T Construction), the wholly owned subsidiary of Larsen and Toubro (L&T), has bagged a major order worth Rs 1,252 crore from Delhi Metro Rail Corporation (DMRC). The order will be executed as a joint venture (JV) with Shanghai Urban Construction Group (SUCG) where L&T Construction’s share in the project is Rs 852 crore. The joint venture will design and construct a tunnel between Shankar Vihar and Hauz Khas as well as underground stations at Vasant Vihar, R.K.Puram, IIT and Hauz Khas.

Another recent order includes an Rs 644 crore contract secured by the Buildings & Factories IC for construction of a permanent campus facility for IIT, Hyderabad. The scope of works include construction for engineering blocks, faculty and staff housing, students hostels, dining halls including ancillary and other associated works.

So far in November, L&T Construction has bagged orders worth valued over Rs 1,496 crore including the above orders.