Hold Larsen & Toubro

Hold Larsen & ToubroTechnical analyst SP Tulsian maintained 'hold' rating on Larsen & Toubro Limited (L&T) stock.

According to analyst, the interested investors can buy more on dips at Rs 1550.

Today, the stock of the company opened at Rs 1584 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2212 and a low of Rs 1430 on BSE.

Current EPS & P/E ratio stood at 57.63 and 26.98 respectively.

Larsen & Toubro Ltd (L&T) has declared the un-audited financial outcomes for the three month period ended December 2010.

L&T has recorded a PAT of Rs 8405.30 million for Oct-Dec period ended December 2010 from Rs 7588.20 million for the corresponding period of 2009.

Company's total Income surged to Rs 116602.60 million for Oct-Dec 2010 from Rs 83792.50 million during for Oct-Dec 2009.

Larsen & Toubro (L&T) reorganized its businesses into nine authorized sections or operating units besides its five subsisting arms.

The nine firms will be similar to 'independent companies' (ICs) moving ahead.

L&T Whole-time Director and Advisor to Chairman and Managing Director J. P. Nayak said, "We are trying to bring about a transformation.

L&T Infotech, IT division of Larsen & Toubro, has got hold of Citigroup's Canadian IT outsourcing division, Citigroup Fund Services Canada (CFSC).

The deal is priced at around Rs 180 crore.