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Larsen & Toubro advances on reporting 7% rise in Q2 consolidated net profit

Larsen & Toubro is currently trading at Rs. 1448.00, up by 17.05 points or 1.19% from its previous closing of Rs. 1430.95 on the BSE.

The scrip opened at Rs. 1459.00 and has touched a high and low of Rs. 1466.00 and Rs. 1444.80 respectively. So far 77722 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1606.70 on 28-May-2019 and a 52 week low of Rs. 1192.10 on 26-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1466.95 and Rs. 1418.45 respectively. The current market cap of the company is Rs. 203494.56 crore.

The Institutions and Non-Institutions held 57.91% and 42.09% stake in the company, respectively.

Larsen & Toubro has reported a rise of 13.11% in its net profit at Rs 1,983.60 crore for the quarter ended September 30, 2019 as compared to Rs 1,753.71 crore for the same quarter in the previous year. Total income of the company increased by 8.75% at Rs 19,773.85 crore for Q2FY20 as compared Rs 18182.48 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 6.83% in its net profit at Rs 2,770.43 crore for the quarter ended September 30, 2019 as compared to Rs 2,593.41 crore for the same quarter in the previous year. Total income of the company increased by 15.56% at Rs 35,924.89 crore for Q2FY20 as compared Rs 31,086.59 crore for the corresponding quarter previous year.

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