Jul 22, 2013, 03.47 PM IST
Engineering and construction major Larsen and Toubro is not revising its growth forecase for FY14, the company's chief financial officer R Shankar Raman said.
L&T, India's largest engineering and construction company, had in May forecast sales growth in the range of 15 to 17 percent for the current fiscal year.
L&T posted a surprise drop in its fiscal first-quarter net profit as a weak domestic economy hit spending on infrastructure projects.
Larsen stock price
On December 05, 2013, Larsen and Toubro closed at Rs 1086.65, up Rs 46.65, or 4.49 percent. The 52-week high of the share was Rs 1138.33 and the 52-week low was Rs 678.10.
The company's trailing 12-month (TTM) EPS was at Rs 50.16 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 21.66. The latest book value of the company is Rs 272.92 per share. At current value, the price-to-book value of the company is 3.98.
Tags: larsen and toubro, guidance, growth forecast, FY14, engineering and construction company, infrastructure, economy, domestic economy
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