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.

EDITORIAL OF THE DAY

  • Nothing short of a uniform civil code will work in India

    When the Jamiat-Ulama-I-Hind (JUH), a powerful body of muslim clerics dedicated to address the aspirations of the community, turns to quote the religi

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

A democracy must stand up for its people

We are the world’s most populous dem­ocracy, but behave in ...

Purnendu Ghosh

A curious and an innovative mind

Curiosity is hard-wired into our psyche. We all recognise that ...

Shona Adhikari

A good time for European art auctions

This week, we bring you interesting art news and the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture