Larsen & Toubro Ltd.

Larsen & Toubro is currently trading at Rs. 958.05, up by 12.75 points or 1.35% from its previous closing of Rs. 945.30 on the BSE.

The scrip opened at Rs. 955.25 and has touched a high and low of Rs. 965.95 and Rs. 950.15 respectively. So far 33654 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1554.05 on 23-Sep-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. 1004.40 and Rs. 941.20 respectively. The current market cap of the company is Rs. 132723.41 crore.

The Institutions and Non-Institutions held 54.82% and 44.67% stake respectively in the company.

Larsen & Toubro (L&T) has completed the strategic divestment of its Electrical & Automation (L&T E&A) business to Schneider Electric, a global player in energy management and automation. The significant and complex divestment deal, one of its kind in India announced in May 2018 has been completed after receiving the requisite regulatory approvals and fulfillment of necessary conditions.

The divestment is in line with L&T's stated goal of unlocking value for future growth. The company continuously evaluates its business portfolio and takes capital allocation decisions from a long-term perspective. Its exit from the Electrical & Automation Business is a part of the strategic portfolio review process.

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