L&T surges with its arm eyeing revenues of Rs 3,200 crore from Navi Mumbai project

15 May 2019

Larsen & Toubro is currently trading at Rs. 1349.10, up by 7.60 points or 0.57% from its previous closing of Rs. 1341.50 on the BSE.

The scrip opened at Rs. 1343.50 and has touched a high and low of Rs. 1352.00 and Rs. 1333.00 respectively. So far 22705 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1459.10 on 21-Dec-2018 and a 52 week low of Rs. 1183.40 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1368.00 and Rs. 1284.90 respectively. The current market cap of the company is Rs. 188908.06 crore.

The Institutions and Non-Institutions held 57.83% and 42.17%, stake in the company, respectively.

Larsen & Toubro’s (L&T) real estate arm -- L&T Realty is eyeing revenues of Rs 3,200 crore from an upcoming project in Navi Mumbai. The first transit-oriented development in India coming up near the Seawoods Darave railway station has a development potential of 1.5 million sqft and will be developed in a phased manner.

For the first phase, the company has received nearly 1,800 booking applications from home buyers for 500 units offered.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

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