Larsen & Toubro’s (L&T) is currently trading at Rs. 1567.00, up by 10.95 points or 0.70% from its previous closing of Rs. 1556.05 on the BSE.
The scrip opened at Rs. 1561.00 and has touched a high and low of Rs. 1569.95 and Rs. 1558.30 respectively. So far 11,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1615.00 on 27-Jul-2016 and a 52 week low of Rs. 1177.00 on 07-Apr-2016.
Last one week high and low of the scrip stood at Rs. 1569.95 and Rs. 1536.85 respectively. The current market cap of the company is Rs. 1,46,139.00 crore.
The Institutions and Non-Institutions held 56.73% and 43.26% respectively in the company.
L&T’s wholly-owned subsidiary - L&T Hydrocarbon Engineering (LTHE), has bagged orders totaling close to Rs 4,000 crore in the International market. LTHE won a major Onshore EPC contract, from a prestigious client, for the Design, Supply, Construction and Commissioning of a large petrochemical facility in the Middle East.
The Modular Fabrication business of LTHE also secured significant orders for the supply of modularized structures and skids for ongoing refinery projects in the Middle East and Africa. The orders were won against international competitive bidding and reinforce LTHE’s unique capability to deliver design to build engineering and construction solutions across the hydrocarbon spectrum.
Larsen & Toubro is a major technology, engineering, construction, manufacturing and financial services conglomerate, with global operations.