Larsen & Toubro trades higher on planning to raise funds

Larsen & Toubro is currently trading at Rs. 1773.35, up by 16.95 points or 0.97% from its previous closing of Rs. 1756.40 on the BSE.

Larsen Toubro
Larsen Toubro

The scrip opened at Rs. 1758.85 and has touched a high and low of Rs. 1774.45 and Rs. 1721.90 respectively. So far 82317 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2078.20 on 18-Jan-2022 and a 52 week low of Rs. 1306.40 on 19-Apr-2021.

Last one week high and low of the scrip stood at Rs. 1809.00 and Rs. 1721.90 respectively. The current market cap of the company is Rs. 248974.00 crore.

The Institutions holding in the company stood at 56.18%, while Non-Institutions held 43.82%.

Larsen & Toubro (L&T) is planning to raise funds including through issue of debt securities as part of Company’s refinancing program.

A meeting of the Board of Directors of the Company is scheduled to be held on Thursday, March 24, 2022, to consider the same.

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

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