Small Business

L&T records biggest single-day fall in last six months

Larsen & Toubro (L&T) today recorded its largest single-day fall in last six months, after the company reported 50% drop in net profit. The company posted Rs 758.82 crore net profit for Q3FY10 against Rs 1,520.44 crore in Q3FY09. The stock, apparently also, was the largest loser among the Sensex 30 & S&P CNX Nifty 50 stocks. The stock declined by 6.9 per cent to close at Rs 1,524.35 on BSE. Meanwhile, the Bombay Stock Exchange (BSE) Sensex declined by 2.42 per cent to close at 17,051.14 today. Earlier, on July 6 2009, the stock fell 8.9 per cent after the Sensex fell by almost 6 per cent.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business
News of the day
ITC open to raising stake up to 25% in EIH
Following reports that the cigarettes-to-hospitality major, ITC, could make a hostile bid to increase its stake in EIH, which runs the Oberoi hotel chain, ITC Chairman Y C Deveshwar today asserted that his company could even raise its stake up to 25 per cent in EIH.
Popular Articles

Oz condemns Indian's killing; police say attack not racial
Australian authorities today "unreservedly" condemned the killing of an Indian youth here calling his stabbing a heinous crime even as police claimed there was no evidence to suggest that it was a racial attack.

Sun Pharma invalidates Eli Lilly's Gemzar patent
Sun Pharmaceuticals has succeeded in invalidating a key patent of Eli Lilly"s block buster cancer medicine Gemzar (gemcitabine injection) in the US market. The company will now be able to launch a low cost version of the medicine in the world"s largest drug market in November 2010.

© Copyright 2009