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L&T Gains 5%; BSE CAPITAL GOODS Index Up 1.3%
Thu, 31 Oct 9:27

L&T Gains 5%; BSE CAPITAL GOODS Index Up 1.3%Image source: Sefa Ozel/www.istockphoto.com

L&T share price has zoomed 5% and is presently trading at Rs 3,569.2.

Meanwhile, the BSE CAPITAL GOODS index is at 68,571.8 (up 1.3%).

Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 4.6%) and Honeywell Automation (up 1.9%).

AIA Engineering (down 2.8%) and Bharat Electronics (down 1.5%) are among the top losers today.

Over the last one year, L&T has moved up from Rs 2,926.3 to Rs 3,569.2, registering a gain of Rs 642.9 (up 22.0%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,914.5 to 68,571.8, registering a gain of 49.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 129.6%), Bharat Electronics (up 115.3%) and Siemens (up 101.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,820.3 (down 0.2%).

The top losers among the BSE Sensex today are Tech Mahindra (down 1.9%) and Infosys (down 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,293.5 (down 0.2%). Tech Mahindra and Infosys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 79,820.3, registering a gain of 15,707.7 points (up 24.5%).

L&T Financial Update...

L&T net profit grew 6.7% YoY to Rs 41,128 million for the quarter ended September 2024, compared to a profit of Rs 38,556 million a year ago. Net sales rose 20.6% to Rs 615,546 million during the period as against Rs 510,240 million in July-September 2023.

For the year ended March 2024, L&T reported 23.3% increase in net profit to Rs 155,697 million compared to net profit of Rs 126,249 million during FY23. Revenue of the company grew 20.6% to Rs 2,211,129 million during FY24.

The current Price to earnings ratio of L&T, based on rolling 12 month earnings, stands at 30.4.


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