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L&T skids over 10 percent in 2 days

January 22, 2010

Larsen & Toubro shares have dropped over 10 percent in the last two trading sessions. On Friday, it was among the top Sensex losers.

Shares in the company ended 3.4 percent lower at 1472 rupees with volumes of nearly 1.4 million shares.

India’s largest engineering and construction conglomerate, Larsen & Toubro, in its quarterly review on Thursday lowered its full-year revenue guidance citing project delays.

The company’s shares have fallen over 12 percent this year. Do you think L&T is a good buy?

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