Larsen & Toubro soared 3.60% to Rs 2720 at 15:15 IST on BSE after the company reported 33.3% spurt in net profit to Rs 502.40 crore on 50.63% jump in total income to Rs 7103.26 in Q1 June 2008 over Q1 June 2007.
The results hit the market a little while ago.
The stock hit a high of Rs 2799 and a low of Rs 2600.55 so far during the day. The stock had a 52-week high of Rs 4670 on 1 November 2007 and a 52-week low of Rs 2100 on 2 July 2008.
The company has an equity capital of Rs 58.48 crore. The stock is currently trading 1:1 cum bonus. Face value per share is Rs 2.
The current price of Rs 2720 discounts its Q4 March 2008 annualised EPS of Rs 132.27, by a PE multiple of 20.56.
On 9 July 2008, L&T’s railway business unit bagged an order worth Rs 1047 crore from Indian Railways for setting up a cast steel wheel manufacturing plant at Saran in Bihar.
The company manufactures a wide range of engineering products like earthmoving, industrial and chemical machinery, switchgears, valves and welding alloys.
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