Meanwhile, the BSE Sensex was down 19.08 points, or 0.11%, to 16,861.43.

On BSE, 1.19 lakh shares were traded in the counter as against an average daily volume of 3.59 lakh shares in the past one quarter.

The stock hit a high of Rs 1,349.25 and a low of Rs 1,318.75 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 until 13 June 2012, gaining 18.52% compared with the Sensex's 3.61% rise. The scrip had also outperformed the market in past one quarter, falling 0.83% as against 5.24% fall in the Sensex.

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

Shares of construction companies witnessed rally recently led by Prime Minister's thrust on infrastructure sector. Prime Minister Manmohan Singh last week laid out ambitious infrastructure development plans for the current fiscal year, in an effort to counter criticism over a perceived policy paralysis that has led India into its worst slowdown in nearly a decade.

Larsen & Toubro (L&T) during trading hours on Friday, 8 June 2012 said its subsidiary, L&T Shipbuilding, has secured orders worth Rs 483 crore from Halul Offshore Services Company W.L.L., Qatar for four specialized commercial vessels.

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 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.