Oct 18, 2013, 02.22 PM IST
Margins of L&T are expected to contract by 100 basis points due to pricing pressure, shift in sales mix to middle east and forex loss in treasury. Net profit is seen falling by about 22 percent year-on-year and revenue growth is expected to remain sluggish at sub 10 percent.
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Sensex up 400 pts; L&T gains 5%, ICICI Bank & Reliance lead
Margins of L&T are expected to contract by 100 basis points due to pricing pressure, shift in sales mix to middle east and forex loss in treasury. Net profit is seen falling by about 22 percent year-on-year and revenue growth is expected to remain sluggish at sub 10 percent.
Like this story, share it with millions of investors on M3
Sensex up 400 pts; L&T gains 5%, ICICI Bank & Reliance lead
Margins of L&T are expected to contract by 100 basis points due to pricing pressure, shift in sales mix to middle east and forex loss in treasury. Net profit is seen falling by about 22 percent year-on-year and revenue growth is expected to remain sluggish at sub 10 percent.
14:22
Moneycontrol BureauLive Market Commentary
The market remained in bull grip on broadbased buying with both the equity benchmarks climbing over 2 percent. Larsen & Toubro rallied more than 5 percent ahead of its September quarter earnings.
Margins of L&T are expected to contract by 100 basis points due to pricing pressure, shift in sales mix to middle east and forex loss in treasury. Net profit is seen falling by about 22 percent year-on-year and revenue growth is expected to remain sluggish at sub 10 percent.
The Sensex is up 430.73 points or 2.11 percent at 20846.24, and the Nifty up 130.30 points or 2.16% at 6176.15.
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Sensex up 400 pts; LT gains 5%, ICICI Bank Reliance lead
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