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Larsen & Toubro (L&T) is currently trading at Rs 1046.50, up by 20.75 points or 2.02% from its previous closing of Rs 1025.75 on the BSE.
The scrip opened at Rs 1031.70 and has touched a high and low of Rs 1049.50 and Rs 1023.35 respectively. So far 157287 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 2003.50 on 31-Dec-2010 and a 52 week low of Rs 971.00 on 21-Dec-2011.
Last one week high and low of the scrip stood at Rs 1044.60 and Rs 971.00 respectively. The current market cap of the company is Rs 64093.78 crore.
The Institutions and Non-Institutions held 52.18% and 43.58% stake in the company respectively.
Larsen & Toubro’s (L&T) shipbuilding arm L&T shipbuilding (LTSB) is likely to sign a technical collaboration agreement with Mistubishi Heavy Industries (MHI), Japan to offer a broad range of the technological support for the construction of the commercial vessels. As per the agreement, MHI will provide the licensing and technology support to the LTSB.
Through this deal LTSB is aiming to strengthen the shipbuilding business through the introduction of the technology from a global leader. MHI is likely to provide the support for the initial three years, with an option to extend beyond that time frame. MHI will comprise design support and a broad range of training, in ship construction and quality control.
Support activities will further include consultation relating to potential expansion of L&T's shipbuilding facilities in the future and to overseas procurement of shipbuilding materials, as well as support for LTSB’s marketing efforts. Going forward, MHI and LTSB will market vessels built by LTSB under exclusive technical collaboration with MHI.
L&T Shipbuilding and MHI further plans to step up its aggressive development of new business opportunities relating to shipyards in newly emerging economies with the latest shipbuilding technical collaboration agreement. MHI and L&T have been partners since 2007, with two joint ventures established in the power generation system sector.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3795.55 |
| Rail Vikas Nigam | 544.25 |
| NCC | 315.70 |
| KEC International | 943.00 |
| Kalpataru Projects | 1343.95 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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