L&T Construction bags orders worth Rs 3,551 crore

L&T stock in focus today as its arm has won orders worth Rs 3,551 Crore across various business segments.

Oct 26, 2017 03:10 IST India Infoline News Service

Larsen n Toubro Construction
Larsen & Toubro Ltd is currently trading at Rs 1220.9, up by Rs 16.45 or 1.37% from its previous closing of Rs 1204.45 on the BSE as its arm has won orders worth Rs 3,551 Crore across various business segments.

The stock opened at Rs 1205 and has touched a high and low of Rs 1223.3 and Rs 1204.45 respectively. The stock is currently trading above its 100 DMA.

L&T is India's largest engineering and construction company. It derived major revenue from infrastructure (48%) in FY17, followed by hydrocarbon (9%).

Further, it generated 34% revenue from international markets in FY17. 

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