Larsen & Toubro is currently trading at Rs. 807.00, up by 32.15 points or 4.15% from its previous closing of Rs. 774.85 on the BSE.
The scrip opened at Rs. 814.95 and has touched a high and low of Rs. 814.95 and Rs. 791.00 respectively. So far 98094 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1606.70 on 28-May-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. 821.55 and Rs. 763.00 respectively. The current market cap of the company is Rs. 112194.16 crore.
The Institutions holding in the company stood at 56.49% and Non-Institutions held at 43.51%.
Larsen & Toubro’s (L&T) construction arm -- L&T construction has secured a large order for its Smart World a Communication Business from the Indian Army to establish a first-of-its-kind, state-of-the-art Unified Network Management System to Manage, Support and Operate the countrywide Armed Forces Network under the Network for Spectrum (NFS).
The facilities under this project will allow real time monitoring of the complete IT network backbone of the Indian army and provide complete visibility of deployed Network assets, leading to optimal utilization of resources.
The project is to be implemented in 18 months followed by 3 years of warranty and 7 years of AMC during which the company will provide Managed Maintenance Services including SLA monitoring, service impact analysis and root cause analysis for the countrywide Armed Force Next Generation Network.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.