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E-mail ID will not be published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.

EDITORIAL OF THE DAY

  • Exchange managements must distinguish between speculation and gambling

    Every bull run in the Indian equity market raises the spectre of excessive speculation.

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

Roopen Roy

Building smart cities the Indian way

Today more than half of the world’s population lives in ...

Zehra Naqvi

The mere display of power is not success

The stars are not afraid to appear like fireflies —Rabindranath Tagore ...

Dharmendra Khandal

Let the tiger breathe in its natural home

The world has been observing July 29 as International Tiger ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture