L&T

L&T cross Rs 4 lakh crore m-cap; analysts see more upside post $4 bn Saudi Aramco’s order win

Engineering group Larsen & Toubro’s market capitalization hit 9 after its share price rose after it won a contract for Saudi Aramco’s Jafra unconventional gas development project, which is believed to be worth nearly $4 billion. It surpassed 4 million rupees on the 7th of the month. Other companies with a market capitalization over INR …

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L&T buyback: Will it continue to propel the stock higher?

India’s largest engineering company, Larsen & Toubro (L&T), plans to pay more cash to shareholders by buying back up to Rs 10,000 worth of shares through buybacks. The engineering group’s board of directors approved the proposal to buy back 3.33 million shares, representing 2.4% of the total paid-in share capital, at a provisional price of …

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