L&T at All Time High; BSE CAPITAL GOODS Index Up 1.0%
May 22, 2019 12:02 PM

L&T share price has hit an all-time high at Rs 1,472 (up 1.5%).

Meanwhile, the BSE CAPITAL GOODS Index is at 18,824 (up 1.0%).

Among the top gainers in the BSE CAPITAL GOODS Index today are L&T (up 1.5%) and SKF INDIA (up 1.5%).

NBCC (INDIA) LTD (down 0.5%) and LAKSHMI MACHINE (down 0.9%) are among the top losers today.

Over the last one year, L&T has moved up from Rs 1,314 to Rs 1,472, registering a gain of Rs 158 (up 11.9%).

The BSE CAPITAL GOODS has moved up from 18,293 to 18,824, registering a gain of 531 points (up 2.8%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 45.2%), ABB INDIA (up 17.3%) and SIEMENS (up 13.3%).

What About the Benchmark Indices?

The BSE Sensex is at 39,197 (up 0.2%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 2.5%), TATA MOTORS DVR (up 1.6%) and L&T (up 1.5%). Other gainers include ICICI BANK (up 1.4%) and BAJAJ AUTO (up 1.3%). The most traded stocks in the BSE Sensex are TATA MOTORS and SUN PHARMA.

In the meantime, NSE Nifty is at 11,761 (up 0.1%). The top gainers in the NSE Nifty include SUN PHARMA (up 2.4%), BPCL (up 2.1%) and ICICI BANK (up 1.7%). Other gainers include BAJAJ AUTO (up 1.4%) and HDFC (up 1.4%).

Over the last 12 months, the BSE Sensex has moved up from 34,616 to 39,197, registering a gain of 4,581 points (up 12.8%).

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 20.3x.