SENSEX NIFTY
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%.

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
Period Price Latest Price Gain/Loss (Rs.) % Gain/Loss
3-Days 1318.25 1392.25 74.00 5.61
5-Days 1369.55 1392.25 22.70 1.66
7-Days 1404.25 1392.25 -12.00 -0.85
15-Days 1564.25 1392.25 -172.00 -11.00
1-Month 1620.55 1392.25 -228.30 -14.09
3-Month 1791.55 1392.25 -399.30 -22.29
6-Month 1667.35 1392.25 -275.10 -16.50
9-Month 1930.45 1392.25 -538.20 -27.88
1-Year 2053.45 1392.25 -661.20 -32.20

READ MORE ON  &T Infotech, Larsen and Toubro
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