Shares of Larsen & Toubro opened nearly 4% higher and hit a record high of Rs 2,997.75 on September 12, a day after the company raised its floor price by nearly 7%. Previously, the floor price was fixed at Rs 3,000/share. The floor price revision comes after the L&T share price increased since the buyback …
L&T shares surge to record high as buyback price raised to Rs 3,200 apiece Read More »
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 …
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 …
L&T buyback: Will it continue to propel the stock higher? Read More »
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