Trending stocks: Larsen & Toubro share price gains 1%

NEW DELHI: Shares of Larsen & Toubro traded 0.64 per cent up in Wednesday 's trade at 11:30AM (IST). Around 41602 shares changed hands on the counter.

The scrip opened at Rs 865.7 and touched an intraday high and low of Rs 868.0 and Rs 859.0 , respectively, in the session so far. The stock quoted a 52-week high of Rs 1607.0 and a 52-week low of Rs 666.15 .

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 120313.55 Crore) operating in Construction sector.


Engineering and construction conglomerate it has raised Rs 2,500 crore through issuance of non-convertible debentures (NCDs).

Key Financials

The company reported consolidated net sales of Rs 36242.68 crore for the quarter ended 31-Dec-2019 , up 2.59 per cent from previous quarter's Rs 35328.45 crore and up 1.49 per cent from the year-ago quarter's Rs 35708.87 crore.

Bottomline for the latest quarter stood at Rs 2352.12 crore, 15.21 per cent from the same quarter a year ago .

Shareholding pattern
As of 31-Mar-2020 , DIIs held 18.95008 per cent stake in the company , while foreign institutional investors held 16.69392 per cent and the promoters 0.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 12.4 and a price-to-book ratio of 492.24 .A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for 'nil' growth in the business.

Larsen & Toubro Ltd. belongs to the Construction & Engineering industry.