L&T falls for fourth day on order book worries

Tags: L&T, Companies
Shares in Larsen and Toubro Ltd (L&T) are down 1 percent, heading towards their fourth consecutive day of falls for a total decline of 6.2 percent, on concerns the company's new orders are slowing down, dealers say.

Credit Suisse notes L&T has announced order inflows worth of 108 billion rupees for the October-December quarter, or just 55 percent of the orders received in the same quarter of 2012/13.

A slowdown in new orders comes as analysts widely expect the investment cycle will only recover after general elections due by May.

The investment bank says L&T's order inflow growth would slow down from 27 percent in first half of FY14 to 12 percent or lower in the second half and 5 percent in FY15.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
4 + 2 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.

EDITORIAL OF THE DAY

  • The sudden rush of new papers could unsettle the secondary market

    While questions are being raised if the party has somewhat overextended on the Street, given the not-too-comforting macroeconomic numbers, retail inve

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Why manufacturing needs innovation

Prime minister Narendra Modi’s call of “come — make in ...

Kuruvilla Pandikattu SJ

Warren Buffett’s key to happiness

Despite being the second richest American, Warren Buffett still lives ...

Gautam Gupta

In fashion, why quality must exceed quantity

Every time there’s a fashion week in India, my friends, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture