Larsen & Tourbo touches record high; BSE Capital Goods closes at lifetime high

Written by fe Bureau | Mumbai | Updated: Jun 2 2014, 22:42pm hrs
StocksThe engineering and construction major saw its net profit rise 52% YoY to Rs 1,787 crore.
Shares of Larsen & Tourbo gained more than 6% to touch lifetime high of Rs 1,650 on Monday after the company released earnings for the quarter ended March quarter post market hours on Friday.

The engineering and construction major saw its net profit rise 52% YoY to Rs 1,787 crore. The scrip ended 6.40% higher at Rs 1,648.

Larsen & Tourbo's rally had a spillover effect on other capital goods stocks. The BSE Capital Goods Index gained 4.93% to end at its lifetime high of 15442.48 points. Bhel (2.50%), Siemens (5.63%), Thermax (1.41%), Crompton Greaves (3.51%) and ABB India (2.84%) were the major gainers.