The stock hit Rs 2003 at 10:14 IST, which is a lifetime high for the scrip.

On BSE, close to 5.21 lakh shares were traded on the counter.

The stock had risen 4% to a lifetime closing high of Rs 1856.50 on Tuesday, 29 May 2007 after posting strong Q4 results during trading hours.

Earlier, the share price rose from Rs 1673.15 on 15 May 2007 to Rs 1735.75 on 21 May 2007. It pared gains since then to Rs 1701.60 on 24 May 2007. It rose sharply over the next two trading sessions and settled at Rs 1785.05 on 28 May 2007 in anticipation of good quarterly results.

The net profit of Larsen & Toubro rose 50.11% to Rs 700.77 crore in the Q4 March 2007 as against Rs 466.85 crore Q4 March 2006. Sales rose 35.01% to Rs 6248.24 crore in the Q4 March 2007 as against Rs 4627.87 crore in previous Q4 March 2006.

The net profit rose 38.62% to Rs 1403.02 crore in the year ended March 2007(FY 2007) as against Rs 1012.14 crore in FY 2006. Sales rose 19.31% to Rs 17578.84 crore in FY 2007 as against Rs 14733.85 crore in FY 2006.

The company’s current order book stands at over Rs 35,000 crore, which is almost 2 times its FY 2007 revenue. This in turn gives strong revenue visibility.

Larsen & Toubro said on 18 May 2007 that it had secured orders worth Rs 412 crore. The orders include, Rs 332 crore lift irrigation contract, bagged by the company and its joint venture partner Kirloskar Brothers from Government of Andhra Pradesh. Another contract is worth Rs 80 crore from Rashtriya Ispat Nigam (RINL) for executing civil works in the Visakhapatnam steel plant.

Larsen & Toubro (L&T) is one of the largest engineering conglomerates. It manufactures a wide range of engineering products like earthmoving, industrial and chemical machinery, switchgears, valves and welding alloys