Larsen & Toubro Ltd.

Larsen & Toubro (L&T) is currently trading at Rs. 1784.85, up by 5.45 points or 0.31% from its previous closing of Rs. 1779.40 on the BSE.

The scrip opened at Rs. 1781.00 and has touched a high and low of Rs. 1793.00 and Rs. 1763.50 respectively. So far 41766 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1892.95 on 04-Mar-2015 and a 52 week low of Rs. 1400.00 on 08-Oct-2014.

Last one week high and low of the scrip stood at Rs. 1813.95 and Rs. 1710.20 respectively. The current market cap of the company is Rs. 164938.61 crore.

The Institutions and Non-Institutions held 55.68% and 41.93% respectively.

Construction and engineering conglomerate Larsen & Toubro (L&T) is planning to raise about Rs 1,500-2,000 crore through an initial public offering (IPO) of its IT arm L&T Infotech.

L&T intends to file a draft red herring prospectus (DRHP), or the initial papers, for an IPO of its IT unit by late August or early September. The conglomerate intends to list L&T Infotech by December.

Meanwhile, L&T has appointed Citibank, Barclays and Kotak Bank as advisors for the IPO.