L&T up marginally ahead of its Q4 numbers

According to reports L&T along with Japanese Sojitz Corp is set to bag a Rs. 67 billion dedicated railway freight corridor contract. At 10:52 am the stock is currently trading at Rs. 1614.40 up by Rs. 8.50 or 0.5%. Total volumes traded at the counter stood at 2.98 lakhs as against a five day average of 15.18 lakhs.

Heavy engineering and construction major Larsen and Turbo Ltd is up marginally ahead of its Q4 numbers to be announced later in the day. IIFL expects L&T’S revenues to be at Rs. 210.6bn up by 14.1% YoY and PAT at Rs18.1bn down -5.9% YoY.

The company announced that a meeting of the Board of Directors of the Company will be held on May 22, 2013, to consider and approve the audited accounts for the year ended March 31, 2013 and to recommend dividend, if any.

According to reports L&T along with Japanese Sojitz Corp is set to bag a Rs. 67 billion dedicated railway freight corridor contract.

At 10:52 am the stock is currently trading at Rs. 1614.40 up by Rs. 8.50 or 0.5%. Total volumes traded at the counter stood at 2.98 lakhs as against a five day average of 15.18 lakhs.

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