Shares of Larsen & Toubro rose nearly 2 per cent on the Bombay stock Exchange after stocks turned ex-dividend today. Ex-dividend date is the date on or after which a share is traded without a previously declared dividend. In line with benchmark indices, shares of the company gained as much as 1.79 per cent to hit intra-day high of Rs 1181.50 apiece on the Bombay Stock Exchange.
The stocks were currently trading at Rs 1173.75 against previous close price of Rs 1160.70. In a similar fashion, shares of the company were trading 1.15 per cent higher at Rs 1,173.05 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 32,019.69, up 214.87 points, or 0.68 per cent, at 11:50 hours.