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L&T Plunges by 5%; BSE CAPITAL GOODS Index Down 4.2%

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L&T Plunges by 5%; BSE CAPITAL GOODS Index Down 4.2%
Mon, 8 Jul 02:18 PM

L&T share price has plunged 5% and is presently trading at Rs 1,555.

Meanwhile, the BSE CAPITAL GOODS Index is at 19,680 (down 4.2%).

Among the top losers in the BSE CAPITAL GOODS Index today are L&T (down 5.1%) and HEG (down 6.5%).

ELGI EQUIPMENTS (up 0.3%) and AIA ENGINEERING (up 0.2%) are among the top gainers today.

Over the last one year, L&T has moved up from Rs 1,254 to Rs 1,555, registering a gain of Rs 301 (up 24.0%)..

The BSE CAPITAL GOODS has moved up from 17,324 to 19,680, registering a gain of 2,356 points (up 13.6%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 37.9%), HONEYWELL AUTOMATION (up 30.4%) and SIEMENS (up 27.8%).

What About the Benchmark Indices?

The BSE Sensex is at 39,476 (down 2.0%). The top gainers among the BSE Sensex stocks today are YES BANK (up 4.6%), HCL TECHNOLOGIES (up 2.5%) and TCS (up 0.6%). The most traded stocks in the BSE Sensex are YES BANK and HCL TECHNOLOGIES.

In the meantime, NSE Nifty is at 11,772 (down 2.1%). YES BANK (up 4.8%) and HCL TECHNOLOGIES (up 2.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,575 to 39,476, registering a gain of 3,901 points (up 8.9%).

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 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 20.4x.

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