Larsen & Toubro L&T Capital Goods

L&T Technology Q4 net profit rises 18.1%, dividend of Rs 30/share declared

The analyst from HDFC Securities recommends buying 1920 Larsen & Toubro October Call and selling 1960 Call of the same series.

Mindtree, a Larsen & Toubro Group company, is planning to set up a development centre in Kolkata, which could create employment opportunities for 15,000-20,000 people in the next four-five years, a company official said here on Wednesday. The IT services firm has already onboarded 1,700 people in its existing facility in the West Bengal capital so far, he said. "We have taken up 19 acres of space. Hopefully, things will start. The construction will be done by L&T... the management is committed. We will set up a huge centre," Mindtree Ltd Chief Executive Officer and Managing Director Debashis Chatterjee said at ICT East organised by CII. The development centre can create employment opportunities for 15,000-20,000 people, he said. The IT company had in March announced the opening of its first development centre in Kolkata. Another IT company of the L&T group, Larsen and Toubro Infotech (LTI) had in June also announced opening up of a new centre in the eastern ...

A consortium led by L&T Hydrocarbon Engineering has secured mega contracts for two offshore packages from a prestigious overseas client.

The company's water & effluent treatment business received large contracts (ranging between Rs 2,500 and Rs 5,000 crore) from the State Water & Sanitation Mission (SWSM), Uttar Pradesh

L&T remains at the forefront to reap benefits from the AtmaNirbhar Bharat Scheme with its diversified businesses across sectors such as defence, infrastructure, heavy engineering and IT.

The capital goods index hit a record high of 21,345 in intra-day trade, surpassing its previous high of 21,021, touched in November 2007

Some pin hopes on the NIP even as awards for FY21 and year after look bleak

Even though it was better than what analysts had expected, it still paints a bleak picture.

Usually, Q4 is an execution-heavy quarter for capital goods players, but the lockdown has affected execution and deliveries for most companies.

Analysts anticipate some amount of weakness on the execution front in H1FY21 due to current challenges in manpower movement.

The sharp slide in crude oil prices of more than 40 per cent to $30/barrel is expected to impact overall orders/awarding from the Middle East and North Africa (MENA) region

The overall profit came in at Rs 2,352 crore, including the profit after tax (PAT) from discontinued operations for the quarter, up 15.2 per cent YoY.

Engineering and capital goods major L&T will announce its December-quarter financial result on January 22

Thus far in November, L&T has underperformed the market by falling 10 per cent, as compared to a 2 per cent rise in the S&P BSE Sensex.

Post the Union Budget presentation, L&T has underperformed the market by falling 18 per cent, as compared to 8 per cent decline in the S&P BSE Sensex