Latest News | BIZ-STOCKS-LARSEN Larsen & Toubro Shares Jump Nearly 7 Pc on Winning Large Contracts
Get latest articles and stories on Latest News at LatestLY. Shares of Larsen & Toubro on Tuesday jumped nearly 7 per cent after the company said it has secured large contracts for its various businesses.
New Delhi, Jun 23 (PTI) Shares of Larsen & Toubro on Tuesday jumped nearly 7 per cent after the company said it has secured large contracts for its various businesses.
On the BSE, the stock rose 6.68 per cent to close at Rs 967.85. During the day, it surged 6.93 per cent to Rs 970.20.
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L&T was the top gainer in the Sensex chart.
On the NSE, it surged 6.62 per cent to settle at Rs 967.60.
In terms of volume, 5.31 lakh shares were traded on the BSE and 1.45 crore on the NSE.
A large contract, as per the company's specification, is between Rs 2,500 crore to Rs 5,000 crore.
"The construction arm of L&T has secured orders from prestigious clients for its varied businesses...The Transportation Infrastructure business has secured an EPC (engineering, procurement and construction) contract to construct Packages 11 and 22 of the Delhi Vadodara Expressway," the company said in a statement.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)