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L&T surges on the BSE

Larsen & Toubro is currently trading at Rs. 1382.65, up by 24.80 points or 1.83% from its previous closing of Rs. 1357.85 on the BSE.

The scrip opened at Rs. 1357.00 and has touched a high and low of Rs. 1390.45 and Rs. 1357.00 respectively. So far 271029 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1459.10 on 21-Dec-2018 and a 52 week low of Rs. 1183.40 on 23-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1390.45 and Rs. 1355.00 respectively. The current market cap of the company is Rs. 194004.49 crore.

The Institutions and Non-Institutions held 58.16% and 41.84% stake respectively in the company.

Larsen & Toubro (L&T) is planning to hire 1,500 people in the financial year 2020, the same as in previous years. The company's manpower strength stood at 42,924 as on March 31, 2018 as compared to 41,466 as at March 31, 2017. On an average, the company hires close to 1,500 people across functions every year and it see no discontinuity in this practice unless business dynamics change drastically.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

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