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Larsen & Toubro leads gainers in `A' group

Wednesday, May 30, 2007

Larsen & Toubro soared 7.39% to Rs 1993.65 boosted by the company's robust order book position.

A total of six block deals were struck in the L&T counter on BSE and NSE today. Around 2.8 lakh shares changed hands through these deals. L&T was the top gainer from BSE's A group shares today.

The L&T stock had risen 4% to a lifetime closing high of Rs 1856.50 on Tuesday, 29 May 2007 after posting strong Q4 results during trading hours.

The net profit of Larsen & Toubro rose 50.11% to Rs 700.77 crore in the Q4 March 2007 as against Rs 466.85 crore Q4 March 2006. Sales rose 35.01% to Rs 6248.24 crore in the Q4 March 2007 as against Rs 4627.87 crore in previous Q4 March 2006.

The net profit rose 38.62% to Rs 1403.02 crore in the year ended March 2007(FY 2007) as against Rs 1012.14 crore in FY 2006. Sales rose 19.31% to Rs 17578.84 crore in FY 2007 as against Rs 14733.85 crore in FY 2006.

Punj Lloyd jumped 6.09% at Rs 208.10, to settle at the second position among the top gainers in the ‘A’ group. On 14 May 2007, the company had received a contract worth Rs 122.65 crore from GAIL India for Panvel Dabhol pipeline project.

Torrent Pharma advanced 4.98% to Rs 253.20. The Torrent scrip lured investors after it announced upbeat Q4 results on 23 May 2007. Torrent Pharmaceuticals posted a profit of Rs 32.4 crore in Q4 March 2007 compared with a net loss of about Rs 1.7 crore in Q4 March 2006. Net sales rose 46.3% to Rs 224.51 crore.

Bharat Electronics (BEL) edged up 4.41% to Rs 1814.80. Recently in May 2007, Parliamentary panel had asked the company to scout for new diversification opportunities after it faced a huge order drop from armed forces, its prime market.

Thermax added 4.25% to Rs 488.85 boosted by strong Q4 March 2007 results it announced after trading hours on Tuesday, 29 May 2007. Thermax's net profit jumped 66.14% to Rs 69.73 crore in Q4 March 2007 from Rs 41.97 crore in Q4 March 2006. Sales spurted 74.46% to Rs 818.22 crore in Q4 March 2007 from Rs 468.99 crore in March 2006.

Net profit jumped 52.37% to Rs 187.80 crore in the year ended March 2007 as against Rs 123.25 crore in the year ended March 2006. Sales soared 46.49% to Rs 2173.03 crore in FY 2007 as against Rs 1483.40 crore in FY 2006.

Posted by FR at 10:23 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.