{"id":364214,"date":"2020-07-23T10:15:16","date_gmt":"2020-07-23T04:45:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=364214"},"modified":"2020-07-23T10:42:09","modified_gmt":"2020-07-23T05:12:09","slug":"lt-gains-nearly-2-after-q1-pbt-plunges-66-yoy-brokerages-remain-bullish","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lt-gains-nearly-2-after-q1-pbt-plunges-66-yoy-brokerages-remain-bullish\/","title":{"rendered":"L&amp;T gains nearly 2% after Q1 PBT plunges 66% YoY; brokerages remain bullish"},"content":{"rendered":"<p>Shares of Larsen &amp; Toubro (L&amp;T), the infrastructure and construction major, gained nearly 2 per cent on the BSE on Thursday, a day after the company posted a 66 per cent year-on-year (YoY) crash in its profit before tax (PBT) for the April to June 2020 quarter (Q1), owing to the disruption caused by the Covid-19-induced lockdown. <\/p>\n<p>At 09:36 am, the stock was trading 1.22 per cent higher at Rs 932.20 on the BSE. It hit a high of Rs 937.80 (up 1.82 per cent) so far in the trade against yesterday&#8217;s close of Rs 920.95. In comparison, the S&amp;P BSE Sensex was trading flat at 37,929 levels, up 0.15 per cent. <\/p>\n<p>L&amp;T&#8217;s stock had hit a 52-week high of Rs 1,554.05 on September 23, 2019 while its 52-week low stands at Rs 661.05, hit on March 23 this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Larsen &amp; Toubro (L&amp;T), the infrastructure and construction major, gained nearly 2 per cent on the BSE on Thursday, a day after the company posted a 66 per cent year-on-year (YoY) crash in its profit before tax (PBT) for the April to June 2020 quarter (Q1), owing to the disruption caused by the Covid-19-induced lockdown. At 09:36 am, the stock was trading 1.22 per cent higher at Rs 932.20 on the BSE. It hit a high of Rs 937.80 (up 1.82 per cent) so far in the trade against yesterday&#8217;s close of Rs 920.95. In comparison, the S&amp;P [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-364214","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/364214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=364214"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/364214\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=364214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=364214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=364214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}