Larsen & Toubro rose 5.01% to Rs 1302.50 at 9:59 IST on BSE after the company announced that its board will meet on 23 August 2018, to consider a proposal for buyback of equity shares of the company.
The announcement was made on Saturday, 18 August 2018.On the BSE, 1.98 lakh shares were traded in the counter so far compared with average daily volumes of 1.19 lakh shares in the past two weeks. The stock had hit a high of Rs 1,306 and a low of Rs 1,281.90 so far during the day. The stock hit a record high of Rs 1,469.60 on 1 February 2018. The stock hit a 52-week low of Rs 1,114.55 on 22 August 2017.
On a consolidated basis, net profit of Larsen & Toubro rose 43.15% to Rs 1472 crore on 18.78% rise in net sales to Rs 28283.45 crore in Q1 June 2018 over Q1 June 2017.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)