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L&T Plunges 2%; BSE CAPITAL GOODS Index Down 1.0%
Fri, 21 Jun 19:0

L&T share price has plunged 2% and is presently trading at Rs 3,533.1.

Meanwhile, the BSE CAPITAL GOODS index is at 71,779.2 (down 1.0%).

Among the top losers in the BSE CAPITAL GOODS index today are Carborundum Universal (down 3.1%) and TIMKEN INDIA (down 2.8%).

V GUARD IND. (up 3.0%) and SCHAEFFLER INDIA (up 1.3%) are among the top gainers today.

Over the last one year, L&T has moved up from Rs 2,382.2 to Rs 3,533.1, registering a gain of Rs 1,150.9 (up 48.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 39,944.1 to 71,779.2, registering a gain of 79.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 235.4%), HINDUSTAN AERO. (up 168.7%) and Bharat Electronics (up 143.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,209.9 (down 0.4%).

The top losers among the BSE Sensex today are Ultratech Cement (down 2.2%) and Tata Motors (down 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 23,501.1 (down 0.3%). Ultratech Cement and Adani Enterprises are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,327.7 to 77,209.9, registering a gain of 13,882.2 points (up 21.9%).

L&T Financial Update...

L&T net profit grew 12.5% YoY to Rs 50,035 million for the quarter ended March 2024, compared to a profit of Rs 44,467 million a year ago. Net sales rose 15.0% to Rs 670,787 million during the period as against Rs 583,352 million in January-March 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 31.2.

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