Larsen & Toubro declined 3.17% to Rs 2,823.29 at 10:51 IST on BSE after company said it is seeking shareholders' approval to transfer its medical equipment and systems business to a subsidiary or to sell it.
The company did not give further details in a statement issued late on
The stock hit a high of Rs 2890 and a low of Rs 2802 so far during the day. The stock had a 52-week high of Rs 4670 on
The company’s current equity is Rs 58.48 crore. Face value per share is Re 2.
The current price of Rs 2823.29 discounts its Q4 March 2008 annualised EPS of Rs 132.27, by a PE multiple of 21.34.
On
L&T's net profit rose 38% to Rs 966.76 crore on 35.6% rise in sales to Rs 8,466.87 crore in Q4 March 2008 over Q4 March 2007. At the time of announcement of the Q4 result on
Larsen & Toubro manufactures a wide range of engineering products like earthmoving, industrial and chemical machinery, switchgears, valves and welding alloys.
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