On BSE 16,186 shares were traded in the counter. The stock had an average daily volume of 3.15 lakh shares in the past one quarter.
The stock hit a high of Rs 4090 and a low of Rs 4010 so far during the day. The stock hit a 52-week high of Rs 4670 on 1 November 2007 and a 52-week low of Rs 1368.20 on 20 December 2006.
The large-cap scrip had underperformed the market over the past one month till 20 December 2007, declining 3.03% as compared to the Sensex's return of 3.01%. It had outperformed the market in the past one quarter, gaining 43.15% as compared to the Sensex's rise of 15.69%.
The company's current equity is Rs 58.25. Face value per share is Rs 2.
The current price of Rs 4045.05 discounts Q2 September 2007 annualized EPS of Rs 48.54 PE multiple of 83.33.
According to the current estimates, the cost of the proposed power capacity would be Rs 20,000 crore.
Meanwhile, L&T has entered into a joint venture (JV) agreement with Japan's Mitsubishi Heavy Industries for setting up a manufacturing unit in India for super-critical steam turbine and generator facility. L&T also has a JV with Japan's Toshiba to manufacture power plant equipment in India.
On 19 November 2007, the company secured a contract worth Rs 275 crore from Delhi Metro Railway Corporation in consortium with Shanghai Urban Construction.
On 15 November 2007, L&T in consortium with Paul Wurth won an order worth Rs 580 crore from state-run Steel Authority of India to rebuild one of its blast furnaces.
L&T's net profit rose 73% to Rs 348.02 crore on 47.4% growth in net sales to Rs 5499.94 crore in Q2 September 2007 over Q2 September 2006.
The company manufactures a wide range of engineering products like earthmoving, industrial and chemical machinery, switchgears, valves and welding alloys.
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