Trending stocks: Larsen & Toubro shares climb over 2%

NEW DELHI: Shares of Larsen & Toubro traded 2.02 per cent up in Tuesday's trade at 10:57AM (IST). Around 66,578 shares changed hands on the counter.

The scrip opened at Rs 828.0 and touched an intraday high and low of Rs 833.6 and Rs 818.05, respectively, in the session so far. Shares of the company of Larsen & Toubro Ltd. quoted a 52-week high of Rs 1606.7 and a 52-week low of Rs 661.05.

Total market cap of the Larsen & Toubro Ltd. stood at Rs 116768.72 crore at the time of writing this report.


Engineering and construction major L&T on Monday said L&T Shipbuilding Limited (LTSB) has been amalgamated with it following all necessary processes. The company had purchased Tamil Nadu Industrial Development Corporation Ltd's (TIDCO) 3 per cent stake in its subsidiary L&T Shipbuilding for Rs 32.74 crore in April last year.

Key Financials
The company reported consolidated 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.

The net profit for latest quarter stood at Rs 2352.12 crore, up 15.21 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, DIIs held 18.95 per cent stake in the firm, 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 11.95 and a price-to-book ratio of 1.69. 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.