L&T up 2.3% on Rs 5689 cr order win
Larsen and Toubro (L&T) bags order worth Rs 5689 crore for 2X660 MW Rajasthan power plant, reports CNBC-TV18.
Shares of Larsen and Toubro (L&T) were up over 2 percent after the company said it has bagged orders worth Rs 5689 crore for the 2X660 MW Rajasthan power plant.
At 09:50 hrs the share was quoting at Rs 1,397.05, up Rs 32.15, or 2.36%. It has touched an intraday high of Rs 1,404 and an intraday low of Rs 1,370. The stock had risen around 2 per cent on Thursday as well.
The stock saw a good run-up between June and October last year despite pessimism on the overall capital goods sector. From a 52-week low of Rs 1185, the stock climbed to a 52-week high of Rs 1719 in four months. But since then, the stock has been stuck in a narrow band, as most analysts feel it is fairly valued at these levels.
On Monday, the stock was trading with volumes of 45,903 shares.
The company's trailing 12-month (TTM) EPS was at Rs 81.95 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 17.05. The latest book value of the company is Rs 409.54 per share. At current value, the price-to-book value of the company was 3.41. The dividend yield of the company was 1.18%.