Meanwhile, the BSE Sensex was up 27.73 points, or 0.16% to 17,360.35.
On BSE, 47,449 shares were traded in the counter as against average daily volume of 4.42 lakh shares in the past one quarter.
The stock hit a high of Rs 1,316.50 and a low of Rs 1,299.05 so far during the day. The stock had hit a 52-week high of Rs 1,867.85 on 8 July 2011. The stock had hit a 52-week low of Rs 971 on 21 December 2011.
The stock had underperformed the market over the past one month till 12 April 2012, falling 4.05% compared with the Sensex's 1.45% fall. The scrip had, however, outperformed the market in past one quarter, surging 14.55% as against Sensex's 8.08% gain.
India's biggest engineering and construction company by sales has an equity capital of Rs 122.48 crore. Face value per share is Rs 2.
The L&T stock has risen 2.31% in two trading sessions from Rs 1,284.30 on 11 April 2012, after sliding 5.43% in preceding four trading sessions from a recent high of Rs 1,358.05 on 3 April 2012.
L&T during trading hours on Monday, 9 April 2012, said that L&T Construction, part of the L&T conglomerate, has commissioned India's largest solar photo voltaic based power plant (40 MWp) owned by Reliance Power at Dhursar village in Jaisalmer district of Rajasthan. As the largest engineering, procurement and construction (EPC) player in solar power, L&T Construction executed the solar power plant from concept (including detailed design) to commissioning in 129 days. With the commissioning of this plant, L&T Construction has installed 114 megawatts (MW) of utility scale solar PV power plants over the last fiscal -- a benchmark in India's solar EPC industry, L&T said.
L&T during trading hours on 4 April 2012, said its Electrical & Automation business has completed the share sale formalities for the acquisition of UK-based Thalest Group, which is engaged in offering integrated platform management system and integrated bridge system solutions for naval warships, mercantile marine ships, vessels and floating systems.
L&T's net profit rose 18% to Rs 991.55 crore on 22.8% growth in net sales to Rs 13998.58 crore in Q3 December 2011 over Q3 December 2010.
L&T is a $11.7 billion technology, engineering, construction, manufacturing and financial services conglomerate with global operations.