Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
L&T at All Time High; BSE CAPITAL GOODS Index Up 2.2%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

L&T at All Time High; BSE CAPITAL GOODS Index Up 2.2%
Thu, 23 May 09:32 AM

L&T share price has hit an all-time high at Rs 1,498 (up 2.5%).

Meanwhile, the BSE CAPITAL GOODS Index is at 19,208 (up 2.2%).

Among the top gainers in the BSE CAPITAL GOODS Index today are L&T (up 2.5%) and LAKSHMI MACHINE (up 1.6%).

AIA ENGINEERING (down 0.2%) and FINOLEX CABLES (down 0.5%) are among the top losers today.

Over the last one year, L&T has moved up from Rs 1,320 to Rs 1,498, registering a gain of Rs 178 (up 13.4%).

The BSE CAPITAL GOODS has moved up from 18,420 to 19,208, registering a gain of 788 points (up 4.2%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 39.8%), ABB INDIA (up 23.1%) and SIEMENS (up 18.5%).

What About the Benchmark Indices?

The BSE Sensex is at 39,895 (up 2.0%). The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 6.0%), SBI (up 4.2%) and YES BANK (up 3.3%). Other gainers include POWER GRID (up 3.0%) and ICICI BANK (up 2.7%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,969 (up 1.8%). The top gainers in the NSE Nifty include INDUSIND BANK (up 6.4%), INDIABULLS HOU. FIN. (up 5.0%) and ZEE ENTERTAINMENT (up 5.0%). Other gainers include SBI (up 4.6%) and ADANI PORTS & SEZ (up 3.1%).

Over the last 12 months, the BSE Sensex has moved up from 34,651 to 39,895, registering a gain of 5,244 points (up 15.1%).

L&T Financial Update...

L&T net profit stood at Rs 39 billion for the quarter ended March 2019, compared to a profit of Rs 24 billion a year ago. Net Sales rose 25.8% to Rs 449.3 billion during the period as against Rs 357.1 billion in January-March 2018.

For the year ended March 2018, L&T reported 23.0% increase in net profit to Rs 83.2 billion compared to net profit of Rs 67.6 billion during FY17.

Revenue of the company grew 9.0% to Rs 1,199 billion during FY18.

The current Price to earnings ratio of L&T, based on rolling 12 month earnings, stands at 20.7x.

Equitymaster requests your view! Post a comment on "L&T at All Time High; BSE CAPITAL GOODS Index Up 2.2%". Click here!


Stock Market Updates

Indian Indices End Higher, IPO Buzz, and Top Cues in Focus Today (Today's Market)

Jun 26, 2019 Pre-Open

On Tuesday, Indian share markets witnessed most of the buying interest during closing hours and ended their trading session on a strong note.

View More Indian Share Market News

Most Popular

7 Stocks That Will Remain Evergreen in this Era of Technological Disruption(The 5 Minute Wrapup)

Jun 13, 2019

We are living in an era of disruption. Are your stocks well equipped to adapt to changes that disruption will bring along?

Why I Believe Smallcaps Will Catch up to the Sensex(Profit Hunter)

Jun 14, 2019

Smallcaps have gone nowhere even as the Sensex makes new all-time highs. Find out why Richa believes this a good opportunity to invest in smallcaps.

Why Super Investor Kenneth Andrade is Bullish on Agri Stocks...and So Are We(The 5 Minute Wrapup)

Jun 21, 2019

Andrade gives his take on agriculture, an industry from which we have already recommended two stocks.

This Little-Known Opportunity Promises Both Health and Wealth for Your Grandchildren(Profit Hunter)

Jun 20, 2019

The next big opportunity that has the potential to make you both rich and healthy.

My Upcoming Stock Recommendation, Backed by Aberdeen Standard Investments, Scores 9.1/10(The 5 Minute Wrapup)

Jun 19, 2019

This month's Smart Money Secrets recommendation is from global super investor - Aberdeen Standard Investments.


Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms


Jun 26, 2019 09:05 AM