Today, the 30-share BSE Sensex opened its eyes at 15,625.63. In early trades, it was trading on a sturdy note supported by strong buying interest in index heavyweights. It also touched a record high of 15,683.03. Stocks from telecom, IT, banking, cement and auto led the advancements.
According to Rahul Agarwal, Vice President, institutional sales, LKP Shares said that 15,500 was a target level. As market covered this level, it is most likely headed in the direction of 16,000 level.
Larsen & Toubro ascended 2.81% to Rs 2,395 in afternoon trading after announcing a 139.83% increase in net earnings in Q1 June 2007 quarter. It announced the quarterly results during market hours today, 19 July 2007.
During the day, the scrip touched an intraday high of Rs 2,420 and an intraday low of Rs 2,350. On 13 July 2007, the stock has had its 52-week high of Rs 2,450 and a 52-week low of Rs 978 on 24 July 2006.