Unstructured Finance

L&T shares fall after quarterly results

Shares in engineering conglomerate L&T ended down 1.65 percent on Monday after the company posted a 10.5-percent rise in standalone profit for the quarter ended in December, but a fall in its operating margin hit investor sentiment.

The company said its operating margin in the third quarter was at 10.8 percent compared with 12.4 percent a year ago.

The BSE Capital Goods Index ended down 1.17 percent.

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L&T gains 1.2 pct

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.

L&T shares jump 3.3 percent

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.

L&T gains more after result boost

Shares in leading engineering and construction firm L&T continued their climb and closed 3.26 percent higher on Tuesday, after a good set of quarterly numbers declared on Monday.

The firm had said it was upbeat on outlook, which helped the stock reach its best closing level in four months.

JPMorgan has raised the stock to “overweight” from “neutral”, while Deutsche Bank has upgraded the share to “buy” from “hold”.

L&T skids over 10 percent in 2 days

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.

Capital goods index drops 5 pct

The BSE Capital goods index witnessed a sharp drop over 5 percent on Thursday as top stocks like Larsen & Toubro (L&T) slumped 6.8 percent after results.

Shares in L&T, which announced its quarterly numbers, closed at 1524 rupees after losing 112 rupees after it reported its quarterly sales dropped 6.1 percent. It also ended as the top Sensex loser.

Havells India ended as the top loser in the index, slipping 7.6 percent. Gammon India dropped 6.7 percent. Only three stocks in the index managed to close in green.

Market ends flat, L&T down after results

INDIAIt was a lacklustre day for the Sensex which ended three points lower at 14,250 as investors booked profits after a two-day rally.

Engineering and construction firm Larsen & Toubro fell 3.6 percent and was the main stock that pushed the benchmark lower. Earlier in the day the company had announced its Q1 net profit had risen to 15.98 billion rupees.

Top listed firm Reliance Industries posted a smart rise of 3.1 percent to close at 1934 rupees.

Sensex down 0.77 pct led by Reliance

MARKETS-INDIAThe Sensex clawed back from mid-day losses on Monday but still closed 103 points lower at 13400, adding to last week’s slide of over 1400 points.

Worries about the global economy and corporate results weighed on investor sentiments throughout trade, which saw the benchmark hitting the day’s low of 13,220.

The fall in the index was led by Reliance Industries, which lost 1.7 percent, and L&T which dropped 2.1 percent. Reliance Infra was the top index loser with a slump of over 6 percent.

Sensex range bound in choppy trade

The Sensex remained volatile in trade and ended 0.08 percent lower on fears of a fall in corporate earnings for the June quarter.

IT bellwether Infosys Technologies, will kick off the earnings season on Friday.

The rupee weakened to 49/dollar, its weakest since May 18. It was down 2.2 percent on week early in opening trade. MARKETS-INDIA

Sensex tanks on global economic worries

Selling pressure pulled the BSE Sensex below 14,000 on Wednesday as concerns over global economic recovery spooked financial markets all around.

Trade was volatile and the 30-share sensitive index touched an intra-day low of 13,701 before closing 401 points lower at 13,769. The fifty-share Nifty ended 2.93 percent down at 4,078.

The fall in the benchmark was led by L&T, ICICI Bank, Reliance Industries and HDFC Bank.

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