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L&T gains 1.2 pct

October 18, 2010

Shares in Larsen & Toubro ended 1.2 percent higher at 2013.15 rupees after the firm announced a good set for Q2 numbers.

The firm topped market estimates with a 32 percent rise in profit on the back of a pickup in orders, and stood by its outlook for 20 percent revenue growth in fiscal 2011.

The stock had touched an intra-day low of 1928.8 rupees, but erased losses later in the day.

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