L&T Plunges by 6%; BSE CAPITAL GOODS Index Down 2.8%
March 24, 2020 09:41 AM

L&T share price has plunged 6% and is presently trading at Rs 755.

Meanwhile, the BSE CAPITAL GOODS Index is at 10,322 (down 2.8%).

Among the top losers in the BSE CAPITAL GOODS Index today are L&T (down 5.6%) and SCHAEFFLER INDIA LTD (down 7.2%).

ELGI EQUIPMENTS (up 6.1%) and SIEMENS (up 5.2%) are among the top gainers today.

Over the last one year, L&T has moved down from Rs 1,377 to Rs 755, registering a loss of Rs 622 (down 45.2%)..

The BSE CAPITAL GOODS has moved down from 18,165 to 10,322, loss of 7,843 points (down 43.2%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were [param_historic_top3].

What About the Benchmark Indices?

The BSE Sensex is at 27,463 (up 0.8%). The top gainers among the BSE Sensex stocks today are HUL (up 5.5%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 8,037 (up 1.4%). INFOSYS (up 7.5%) and HUL (up 6.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 27,463, registering a loss of 10,346 points (down 30.73%).

L&T Financial Update...

L&T net profit stood at Rs 25 billion for the quarter ended December 2019, compared to a profit of Rs 24 billion a year ago. Net Sales rose 1.5% to Rs 362.4 billion during the period as against Rs 357.1 billion in October-December 2018.

For the year ended March 2019, L&T reported 19.5% increase in net profit to Rs 99.4 billion compared to net profit of Rs 83.2 billion during FY18.

Revenue of the company grew 17.6% to Rs 1,410 billion during FY19.

The current Price to earnings ratio of L&T, based on rolling 12 month earnings, stands at 8.9x.