Thursday, 10 September 2015

L&T board approves fund raising plan; slips 1%

The company has approved to raise Rs. 6,000 crore via debentures.


Larsen & Toubro
Larsen &Turbo trading lower 1% at Rs. 1,585 on reports the board of the company has approved to raise Rs. 6,000 crore via debentures.

Report says that the company is anticipating infrastructure projects Rs. 3,000 crore in Sri Lanka.

The scrip opened at Rs. 1571.4 and has touched a high and low of Rs. 1591.4 and Rs. 1555.45 respectively. So far 965782 shares were traded on the counter. The current market cap of the company is Rs. 148207.92 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1893.8 on 04-Mar-2015 and a 52 week low of Rs. 1401 on 08-Oct-2014. Last one week high and low of the scrip stood at Rs. 1597.5 and Rs. 1490 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 55.68 % and 41.93 % respectively.

The stock is currently trading above its 50 DMA.

No comments:

Post a Comment