L&T surges on launching unique residential project ‘North Towers’ in Navi Mumbai

03 Dec 2020 Evaluate

Larsen & Toubro is currently trading at Rs. 1129.15, up by 15.25 points or 1.37% from its previous closing of Rs. 1113.90 on the BSE.

The scrip opened at Rs. 1127.00 and has touched a high and low of Rs. 1135.25 and Rs. 1121.00 respectively. So far 265952 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1383.85 on 01-Feb-2020 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. 1139.35 and Rs. 1092.35 respectively. The current market cap of the company is Rs. 157936.75 crore.

The Institutions and Non-Institutions held 53.94% and 46.06%, stake in the company respectively.

Larsen & Toubro’s (L&T) real estate business has launched North Towers at its unique residential project - Seawoods Residences in Navi Mumbai. The project has drawn strong interest from homebuyers with over 300 expression of interest received within the first two weeks. This shows that the popularity and momentum of last year continues when 500 apartments of this project were sold out in a record time.

This residential project is just a few steps away from Seawoods Grand Central Mall and the railway station and is in close vicinity of the upcoming Navi Mumbai International Airport. With an area of 10 acres, it is the premium most development of Navi Mumbai. The prospective residents will enjoy a life within a gated community here that has all facilities including a lavish bi-storeyed 20,000 sq ft state-of-the-art clubhouse.

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

Larsen & Toubro Share Price

3774.10 68.00 (1.83%)
28-Mar-2024 16:01 View Price Chart
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KEC International 694.00
Kalpataru Projects 1075.45
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