L&T slips over 1% on reports of trimming order book
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Shares of Larsen & Toubro Ltd (L&T) fell over 1 per cent in early trade on Bombay Stock Exchange (BSE) on reports that the engineering major is likely to trim its Rs 1.7-lakh crore order book by about 10 per cent when it announces earnings for 2013-14.
The shares of company fell as much as 1.76 per cent to trade at Rs 1277.05 a piece on the BSE. In a similar fashion, shares of the company fell 1.72 per cent to Rs 1278.10 a piece on National Stock Exchange.
Meanwhile, the broader benchmark Sensex was quoting at 22,490.93, down 60.56 points or 0.27 per cent at 11:10 hours.