Oct 07, 2011, 12.32 PM IST

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%.

Source: Moneycontrol.com

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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
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