|Day's Range||1,754.00 - 1,833.95|
|52 Week Range||1,295.10 - 1,833.95|
|PE Ratio (TTM)||26.65|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||1,743.29|
A subsea and offshore contractor affiliate of Ezra Holdings Ltd, a struggling Singaporean oilfield services firm, filed for U.S. bankruptcy as it ran short of cash due to a lingering downturn in the oil-and-gas industry. The affiliate, Emas Chiyoda Subsea Ltd, said in court papers filed in Houston that the company was suffering from weak demand for its subsea contracting work and tightening credit conditions. Ezra has said it may have to take a $170 million writedown on the value of its investment in Emas Chiyoda.
Larsen & Toubro Ltd. jumped the most in six months as India’s biggest engineering company maintained it’s growth forecast even after eliminating a tenth of its workforce.
L&T Technology Services, a leading global provider of digital engineering solutions, announced that it has secured a new multi-year, multi-million dollar contract with a large global semi-conductor company to provide verification support on their expansive portfolio of offerings and products.