Moneycontrol
Oct 07, 2011 12:32 PM IST | Source: Moneycontrol.com

Larsen and Toubro makes smart gains

Larsen and Toubro (L&T) touched an intraday high of Rs 1,398.00 and an intraday low of Rs 1,373.15. At 12:23 hrs the share was quoting at Rs 1,392.25, up Rs 48.60, or 3.62%.

 
 
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Larsen and Toubro (L&T) touched an intraday high of Rs 1,398.00 and an intraday low of Rs 1,373.15. At 12:23 hrs the share was quoting at Rs 1,392.25, up Rs 48.60, or 3.62%.


The company renews stake sale talks in L&T Infotech. It may look to exit L&T Infotech. There are two players in the race to acquire L&T Infotech, reports CNBC-TV18, quoting sources.


Fujitsu is likely to be front runner in acquiring L&T Infotech. Capgemini is likely to have shown interest in L&T Infotech. Both players are likely to have entered due diligence stage. The buyer will get an 8 year IT outsourcing contract from L&T.


However, company said that they can't comment on market speculation.
 
It was trading with volumes of 193,573 shares. In the previous trading session, the share closed up 0.50% or Rs 6.65 at Rs 1,343.65.



Share Price Movement During The Last 12 Months
PeriodPriceLatest PriceGain/Loss (Rs.)% Gain/Loss
3-Days1318.251392.2574.005.61
5-Days1369.551392.2522.701.66
7-Days1404.251392.25-12.00-0.85
15-Days1564.251392.25-172.00-11.00
1-Month1620.551392.25-228.30-14.09
3-Month1791.551392.25-399.30-22.29
6-Month1667.351392.25-275.10-16.50
9-Month1930.451392.25-538.20-27.88
1-Year2053.451392.25-661.20-32.20

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