L&T booked short term capital loss of aprox 100cr. (may be more but surely not less). Last yr around december they bought large qty of satyam shares at around 200+level, Now sold at 113 per share a loss booking of around 80 rs per share.Unless they have short term capital gain this can`t be set off nor carried forward, Obviously one can hope that some time in jan`10 they sell another half of their holding may be at around 140+ thus making a killing profit, further last years mark to market reversal of aprox 300-400 cr loss also boost mar`10 qtrly result.
All in all wait for a fire work at L&T during the first qtr of 2010.
GOOD LUCK AND STAY INVESTED
| NIFTY 
