Shares of Larsen & Toubro (L&T) rallied 4 per cent on the BSE to scale a fresh high of Rs 2,998 in Tuesday’s intra-day trade after the company revised its buyback price upwards from Rs 3,000 to Rs 3,200 per share.
At the same time, maximum no of shares to be bought back has been reduced to about 31.2 million shares from about 33.3 million shares earlier. The revised buyback represents 2.22 per cent of the paid up equity share capital of the company.
Shares of Larsen & Toubro (L&T) gained 1 per cent and hit an all-time high of Rs 2,079.60 on the BSE in Friday’s intra-day trade on strong order prospects. The stock of the engineering & construction company has surpassed its previous high of Rs 2,078.20, touched on January 18, 2022. In comparison, the S&P BSE Sensex was down 0.06 per cent at 62,238, at 09:30 am.
In the past two trading days, L&T has gained 3 per cent after the company won an order worth Rs 1,000-2,500 crore from Greenko Group, one of the world's leading renewable energy companies, for development of an off stream pumped storage project in Madhya Pradesh.
Shares of Larsen & Toubro (L&T) were up 4 per cent at Rs 1,861 on the BSE in Thursday’s intra-day trade after the company posted a healthy operational performance for the quarter ended September 2021 (Q2FY22). The company’s order backlog remains strong at Rs 3.3 trillion. The stock of construction & engineering major had hit a record high of Rs 1,884.90 on October 19, 2021.
L&T said it has bagged orders worth Rs 42,140 crore during Q2FY22, registering a robust growth of 50 per cent compared with the corresponding period of the previous year.
Shares of Larsen & Toubro (L&T) rallied 10 per cent to Rs 6,496.40 on the National Stock Exchange (NSE) in Tuesday’s intra-day trade after the company reported the strongest sequential revenue growth, its best ever for the July-September quarter (Q2), at 8.9 per cent in constant currency terms.
The stock of the L&T group information technology (IT) consulting & software company was trading close to its record high of Rs 6,498.50 touched on September 24, 2021.
Shares of Larsen & Toubro (L&T) hit a record high of Rs 1,648.40, up 1.6 per cent on the BSE in intra-day trade on Friday, after the company’s heavy engineering arm won an order for Oxidation Reactor from Technip Energies-India. However, the company has not yet disclosed order size. The stock surpassed its previous high of Rs 1,647 hit on July 22, 2021.
The order, according to the company, is for the technologically critical Titanium Clad Reactor is for a public sector petrochemical project for purified Terephthalic Acid plant.
India’s largest engineering and construction (E&C) player, Larsen & Toubro’s (L&T’s) consolidated revenue is expected to witness a double-digit year-on-year growth in the March quarter (Q4), according to most analysts, led by higher execution in a seasonally strong quarter and a low base.
The consolidated revenue growth will be largely led by a healthy 44 per cent year-on-year (YoY) growth in the infra segment, said analysts at CLSA in a report.
Infrastructure company Larsen & Toubro (L&T) on Tuesday said it has received multiple orders across its business segments in the domestic market.
The company did not provide the value of the contracts but said the orders fall under the significant category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts.
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.