L&T moves up as its buildings & factories vertical bags order from Brigade Group
Larsen & Toubro is currently trading at Rs. 3435.00, up by 85.80 points or 2.56% from its previous closing of Rs. 3349.20 on the BSE.
The scrip opened at Rs. 3350.30 and has touched a high and low of Rs. 3454.40 and Rs. 3333.10 respectively. So far 132142 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3963.00 on 10-Dec-2024 and a 52 week low of Rs. 3141.30 on 28-Feb-2025.
Last one week high and low of the scrip stood at Rs. 3454.40 and Rs. 3161.00 respectively. The current market cap of the company is Rs. 472695.78 crore.
The Institutions holding in the company stood at 62.66%, while Non-Institutions held 37.35% in the company.
Larsen & Toubro’s (L&T) Buildings & Factories (B&F) vertical has secured large order from the Brigade Group to construct residential and commercial towers in Hyderabad and Chennai. This accounts for the largest residential project that the business has so far received from a private customer.
The first order has been received from Brigade Gateway Residences at Neopolis, Kokapet, Hyderabad, comprising 2 luxury towers, the project will feature one of the tallest buildings in Hyderabad, with configuration being 5B+G+57 floors. The second order has been received from Brigade World Trade Centre at Neopolis, Kokapet, Hyderabad, for a commercial tower standing tall at over 200 metres in the configuration of 5B+G+50 floors. It will also accommodate retail space and a five-star hotel - Brigade Neopolis - and will be the tallest mixed-use development in Hyderabad.
The third order has been received from Brigade Altius, Chennai. The project will be one of the tallest and prestigious development in the locality in Chennai, comprising 3 Signature towers with configuration being 6 parking levels + 39 apartment floors. The fourth order has been received from Brigade Morgan Heights, Chennai. The project comprises 10 luxury towers in the configuration of 4 parking levels and apartment floors ranging between 11-21 floors. All these projects will be executed on a design-and-build basis in stringent timelines.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
