Larsen & Toubro is currently trading at Rs. 906.85, up by 41.15 points or 4.75% from its previous closing of Rs. 865.70 on the BSE.
The scrip opened at Rs. 880.30 and has touched a high and low of Rs. 916.50 and Rs. 874.40 respectively. So far 164732 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. 916.50 and Rs. 798.25 respectively. The current market cap of the company is Rs. 127613.78 crore.
The Institutions holding in the company stood at 56.49% and Non-Institutions held at 43.51% respectively.
Larsen & Toubro’s (L&T) construction arm -- L&T construction has bagged two contracts to build Regional Rapid Transit System (RRTS) Infrastructure from National Capital Region Transport Corporation (NCRTC) in Uttar Pradesh.
The scope of the project is to execute a new, dedicated, high speed, high capacity rail system in the Delhi - Gaziabad - Meerut Corridor. RRTS is distinct from metro transit systems as it caters to passengers traveling relatively longer distances with fewer stops and at higher speed. The design speed for the project is 180 KMPH with an average operational speed of 100 KMPH.
The two contracts for RRTS have been secured for packages starting from Duhai to Modi Nagar and from Modi Nagar to Shatabdi Nagar for a total distance of approximately 32 Km viaduct including 7 elevated stations.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial service
