L&T at All Time High; BSE CAPITAL GOODS Index Up 1.8%

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L&T at All Time High; BSE CAPITAL GOODS Index Up 1.8%
Tue, 19 Oct 09:30 AM

L&T share price has hit an all-time high at Rs 1,853 (up 3.6%).

Meanwhile, the BSE CAPITAL GOODS Index is at 27,927 (up 1.8%).

Among the top gainers in the BSE CAPITAL GOODS Index today are L&T (up 3.6%) and LAKSHMI MACHINE (up 1.1%).

BHARAT ELECTRONICS (down 0.2%) and KALPATARU POWER (down 0.5%) are among the top losers today.

Over the last one year, L&T has moved up from Rs 915 to Rs 1,853, registering a gain of Rs 938 (up 102.4%).

The BSE CAPITAL GOODS has moved up from 13,796 to 27,927, registering a gain of 14,131 points (up 102.0%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were CARBORUNDUM UNIVERSAL (up 269.7%), HEG (up 254.4%) and GRAPHITE INDIA (up 222.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 62,159 (up 0.5%). The top gainers among the BSE Sensex stocks today are L&T (up 3.6%), BHARTI AIRTEL (up 1.4%) and HCL TECHNOLOGIES (up 1.3%). Other gainers include BAJAJ FINSERV (up 1.3%) and TECH MAHINDRA (up 1.1%). The most traded stocks in the BSE Sensex are ONGC and SBI.

In the meantime, NSE Nifty is at 18,604 (up 0.5%). The top gainers in the NSE Nifty include L&T (up 2.8%), BAJAJ FINSERV (up 1.8%) and WIPRO (up 1.6%). Other gainers include BHARTI AIRTEL (up 1.4%) and TATA MOTORS (up 1.3%).

Over the last 12 months, the BSE Sensex has moved up from 40,795 to 62,159, registering a gain of 21,364 points (up 52.2%).

L&T Financial Update...

L&T net profit down at Rs 16 billion for the quarter ended June 2021, compared to a loss of Rs 26 billion a year ago. Net Sales declined 17.6% to Rs 293.3 billion during the period as against Rs 356.0 billion in April-June 2020.

For the year ended March 2021, L&T reported 19.3% increase in net profit to Rs 129.1 billion compared to net profit of Rs 108.2 billion during FY20.

Revenue of the company grew 6.5% to Rs 1,360 billion during FY21.

The current Price to earnings ratio of L&T, based on rolling 12 month earnings, stands at 46.6x.



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