L&T gains on bagging Rs 2,416 cr construction orders

L&T gains on bagging Rs 2,416 cr construction orders

27/06/2016 11:38

Shares of Larsen & Toubro Ltd rallied nearly 1 per cent on the Bombay Stock Exchange (BSE) after its construction arm has bagged orders worth Rs 2,416 crore across building & factories, power transmission & distribution and smart world & communication business segments.

Cheering the news, shares of the company gained 1 per cent in intra-day trade to Rs 1,448 apiece on Bombay Stock Exchange at 11:37 hours.

In a similar fashion, stocks of the company surged 1.05 per cent to Rs 1,445.65 apiece, or 15.05 points, on National Stock Exchange at 11:36 hours.

Meanwhile, the broader benchmark BSE Sensex was trading at 26,378.63, down 0.07 per cent, or 19.08 points, at 11:37 hours.

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