A total of six block deals were struck in the L&T counter on BSE and NSE today. Around 2.8 lakh shares changed hands through these deals. L&T was the top gainer from BSE's A group shares today.

The L&T 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.

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.

Punj Lloyd jumped 6.09% at Rs 208.10, to settle at the second position among the top gainers in the ‘A’ group. On 14 May 2007, the company had received a contract worth Rs 122.65 crore from GAIL India for Panvel Dabhol pipeline project.

Torrent Pharma advanced 4.98% to Rs 253.20. The Torrent scrip lured investors after it announced upbeat Q4 results on 23 May 2007. Torrent Pharmaceuticals posted a profit of Rs 32.4 crore in Q4 March 2007 compared with a net loss of about Rs 1.7 crore in Q4 March 2006. Net sales rose 46.3% to Rs 224.51 crore.

Bharat Electronics (BEL) edged up 4.41% to Rs 1814.80. Recently in May 2007, Parliamentary panel had asked the company to scout for new diversification opportunities after it faced a huge order drop from armed forces, its prime market.

Thermax added 4.25% to Rs 488.85 boosted by strong Q4 March 2007 results it announced after trading hours on Tuesday, 29 May 2007. Thermax's net profit jumped 66.14% to Rs 69.73 crore in Q4 March 2007 from Rs 41.97 crore in Q4 March 2006. Sales spurted 74.46% to Rs 818.22 crore in Q4 March 2007 from Rs 468.99 crore in March 2006.

Net profit jumped 52.37% to Rs 187.80 crore in the year ended March 2007 as against Rs 123.25 crore in the year ended March 2006. Sales soared 46.49% to Rs 2173.03 crore in FY 2007 as against Rs 1483.40 crore in FY 2006.