L&T shines on hiking stake in Mindtree to 26.48%

20 May 2019

Larsen & Toubro is currently trading at Rs. 1441.75, up by 79.85 points or 5.86% from its previous closing of Rs. 1361.90 on the BSE.

The scrip opened at Rs. 1396.60 and has touched a high and low of Rs. 1444.90 and Rs. 1396.60 respectively. So far 410850 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. 1444.90 and Rs. 1284.90 respectively. The current market cap of the company is Rs. 202206.60 crore.

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

Larsen and Toubro (L&T) has acquired 13,440 shares of Mindtree from the open market on May 16, 2019. After the acquisition, the stake in the company has increased to 26.48%.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323