Larsen & Toubro rises on incorporating Joint Venture Company
Larsen & Toubro is currently trading at Rs. 2678.35, up by 38.90 points or 1.47% from its previous closing of Rs. 2639.45 on the BSE.
The scrip opened at Rs. 2654.00 and has touched a high and low of Rs. 2682.00 and Rs. 2654.00 respectively. So far 31764 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2767.00 on 24-Aug-2023 and a 52 week low of Rs. 1798.00 on 29-Sep-2022.
Last one week high and low of the scrip stood at Rs. 2767.00 and Rs. 2623.95 respectively. The current market cap of the company is Rs. 376123.48 crore.
The Institutions and Non-Institutions held 63.54% and 36.46% stake in the company respectively.
Larsen & Toubro (L&T) has incorporated a new Joint Venture Company ‘GH4India’ on August 25, 2023. GH4India is formed for the purpose of development of green hydrogen and its derivatives (including green ammonia, methanol, etc) production assets and associated renewable assets through any model of ownership and operatorship.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
