Published on 7/12/2017 11:36:10 AM | Source: Dion Global Solutions Ltd

L&T rises nearly 2% on winning new order

Posted in | #Capital Goods Sector #Stock On The Move # Larsen & Toubro Ltd


Shares of Larsen & Toubro soared nearly 2 per cent on the Bombay Stock Exchange after the company said that its arm L&T Hydrocarbon Engineering (LTHE) has bagged order worth of over Rs 1,600 crore from Hindustan Petroleum Corporation Limited (HPCL). Buoyed by securing new order, shares of company gained as much as 1.70 per cent to touch an intra-day high of Rs 1211.95 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 1.70 per cent higher at Rs 1,210.35 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 32,836.18, up 239.00 points, or 0.73 per cent, at 11:15 hours.