Small BusinessL&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.