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L&T shares jump 3.3 percent

June 17, 2010

Shares in engineering and construction company Larsen & Toubro rose more than 3 percent on Thursday on improving outlook in the backdrop of a rapidly expanding economy.

The stock, which also ended as the top Sensex gainer, has gained 9 percent this month.

India’s economy grew at its fastest pace in six months in the March quarter on the back of government and consumer spending.

Last month, the company had declared better-than-expected quarterly numbers and said it expected 20 percent revenue growth in the current fiscal year.

Do you think it’s worth investing in L&T at this stage?

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