Meanwhile, the BSE Sensex was down 51.38 points or 0.31% to 16,597.67.

On BSE, 1.89 lakh shares were traded in the counter as against average daily volume of 3.45 lakh shares in the past one quarter.

The stock came off initial lows. The scrip had lost 1.2% to hit a low of Rs 1,261.40 in early trade. The stock hit a high of Rs 1,297.80 so far during the day. The stock had hit a 52-week high of Rs 1,867.85 on 8 July 2011. The stock had hit a 52-week low of Rs 971 on 21 December 2011.

The stock had outperformed the market over the past one month till 7 June 2012, surging 6.14% compared with the Sensex's 1.56% fall. The scrip had also outperformed the market in past one quarter, rising 3.23% as against Sensex's 2.9% decline.

India's largest engineering and construction firm by order book has an equity capital of Rs 122.56 crore. Face value per share is Rs 2.

The orders from Halul Offshore Services Company W.L.L., Qatar, are for design, construction, trials and commissioning of two Platform Supply Vessels (PSVs) and two Anchor Handling, Towing, Supply and Support Vessels (AHTSSVs), L&T said.

L&T during trading hours on Thursday, 7 June 2012 said its construction division secured new orders valued at Rs 2410 crore across various businesses in Q1 June 2012.

L&T's net profit rose 13.9% to Rs 1920.41 crore on 21% growth in net sales to Rs 18460.90 crore in Q4 March 2012 over Q4 March 2011.

L&T is a $12.8 billion technology, engineering, construction, manufacturing and financial services conglomerate with global operations.