Trending stocks: Larsen & Toubro shares dip over 2%
A total of 132,417 shares changed hands on the counter till 10:56AM (IST).
By ETMarkets.com | Updated:
BCCL
NEW DELHI: Shares of Larsen & Toubro Ltd. traded 2.48 per cent down in Wednesday's trade at 10:56AM (IST). Around 132,417 shares changed hands on the counter.
The counter opened at Rs 945.0 and touched an intraday high and low of Rs 945.0 and Rs 917.85, respectively, in the session so far. The stock of Larsen & Toubro Ltd. quoted a 52-week high of Rs 1591.6 and a 52-week low of Rs 661.05.
Total market cap of the Larsen & Toubro Ltd. stood at Rs 129909.15 crore at the time of writing this report.
Engineering and construction giant L&T on Tuesday said it has achieved a major milestone under 'Make in India' initiative by building a cryostat for $20 billion global fusion project.
Key Financials
The company reported consolidated sales of Rs 44245.28 crore for the quarter ended 31-Mar-2020, up 22.08 per cent from previous quarter's Rs 36242.68 crore and up 2.18 per cent from the year-ago quarter's Rs 43303.4 crore.
Shareholding pattern
As of 31-Mar-2020, DIIs held 18.95 per cent stake in the company, while foreign institutional investors held 16.69 per cent and the promoters 0.0 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 13.6 and a price-to-book ratio of 1.7. 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 no growth in the business.
Larsen & Toubro Ltd. belongs to the Construction & Engineering industry.
The counter opened at Rs 945.0 and touched an intraday high and low of Rs 945.0 and Rs 917.85, respectively, in the session so far. The stock of Larsen & Toubro Ltd. quoted a 52-week high of Rs 1591.6 and a 52-week low of Rs 661.05.
Total market cap of the Larsen & Toubro Ltd. stood at Rs 129909.15 crore at the time of writing this report.
Engineering and construction giant L&T on Tuesday said it has achieved a major milestone under 'Make in India' initiative by building a cryostat for $20 billion global fusion project.
Key Financials
The company reported consolidated sales of Rs 44245.28 crore for the quarter ended 31-Mar-2020, up 22.08 per cent from previous quarter's Rs 36242.68 crore and up 2.18 per cent from the year-ago quarter's Rs 43303.4 crore.
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The net profit for latest quarter stood at Rs 3197.07 crore, down 6.47 per cent from the same quarter a year ago. Shareholding pattern
As of 31-Mar-2020, DIIs held 18.95 per cent stake in the company, while foreign institutional investors held 16.69 per cent and the promoters 0.0 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 13.6 and a price-to-book ratio of 1.7. 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 no growth in the business.
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Larsen & Toubro Ltd. belongs to the Construction & Engineering industry.
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