Larsen and Toubro (L&T) is trading higher by 2% at Rs 1,297 levels and has gained 6% from the day’s low of Rs 1,226 after reporting strong 28% year-on-year (y-o-y) growth in order inflow at Rs 17,129 crore for the quarter ended December 2011, as compared to Rs 13,366 crore in the corresponding quarter of previous fiscal.
 
“The company was able to secure fresh orders from infrastructure, building and factories, power transmission and distribution and mineral and metals sectors despite a subdued investment sentiment prevailing during the quarter," the infrastructure and engineering company said in a filing to the stock exchanges.
 
Net profit during the recently concluded quarter surged 22% to Rs 992 crore, while gross revenues grew 23% at Rs 14,155 crore on y-o-y basis.
 
As many as 4.48 million shares have changed hands on the counter so far, as against an average less than three million shares that were traded daily in past two weeks.