Wednesday, November 18, 2020

L&T surges on bagging order for Construction and Mining Equipment Businesses

Larsen & Toubro is currently trading at Rs. 1106.55, up by 25.30 points or 2.34% from its previous closing of Rs. 1081.25 on the BSE.

The scrip opened at Rs. 1081.00 and has touched a high and low of Rs. 1109.80 and Rs. 1079.35 respectively. So far 123708 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1417.50 on 21-Nov-2019 and a 52 week low of Rs. 661.05 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1116.00 and Rs. 1038.60 respectively. The current market cap of the company is Rs. 155703.98 crore.

The Institutions holding in the company stood at 53.94%, and Non-Institutions held 46.06%.

Larsen & Toubro (L&T) has bagged biggest order ever for its Construction and Mining Equipment Businesses to supply 46 units of Komatsu Mining Equipment from Tata Steel. The order comprises of 41 units of Komatsu HD785-7 (100 Ton Dump Truck), three units of Komatsu WA900-3E0 (9 Cum Wheel Loader) and two units of Komatsu D275A-5R (410HP Crawler Dozer). The scope includes supply of equipment and full maintenance contract for 60,000 hours of equipment operation.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.

Watch our Stock Market Target Calls Quality, Track sheet – Click Here or Subscribe us for Stock Market Trading >>>> Stock Cash Tips

No comments:

Post a Comment

Yes Bank at Rs 11 or Rs 30? Here's the stock outlook after 50% rally in two months

  Market experts expect that both investors to bring in vast experience and expertise in the financial domain to handhold Yes Bank for its n...