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L&T at All Time High; BSE CAPITAL GOODS Index Up 2.2%

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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.

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