GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

L&T Stocks Jump Over 6% on Share Buyback Proposal

The shares of Larsen & Toubro opened on a bullish note at Rs 1,300 then surged further and touched a high of Rs 1,319.65, up 6.39 per cent, over its previous closing price.

PTI

Updated:August 20, 2018, 12:05 PM IST
facebookTwittergoogleskypewhatsapp
L&T Stocks Jump Over 6% on Share Buyback Proposal
File photo of L&T's logo. (Image: REUTERS)
Loading...
New Delhi: Shares of Larsen & Toubro on Monday surged more than 6 per cent in morning trade on the bourses after the company said its board will meet on August 23 to consider a proposal for buyback of equity shares.

In a regulatory filing on August 18, the company had said that "the board of directors will consider a proposal for buyback of equity shares of the company, at its meeting to be held on Thursday, August 23, 2018".

Following the announcement, the shares of the company opened on a bullish note at Rs 1,300 then surged further and touched a high of Rs 1,319.65, up 6.39 per cent, over its previous closing price.

Similar movement was seen on NSE as well, where the stock opened at Rs 1,300, then touched a high of Rs 1,319.95, up 6.43 per cent over its last close.

Meanwhile, as per the company's internal Code for Prevention of Insider Trading, "the trading window for dealing in the securities of the company will be closed for the company's directors/officers and designated employees of the company from Monday, August 20 2018, till Friday, August 24 2018, (both days inclusive)", the filing added.
| Edited by: Naqshib Nisar
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Jet Airways 346.50 7.98
Yes Bank 191.00 -7.21
Reliance 1,127.40 2.79
ICICI Bank 367.55 -0.66
Indiabulls Hsg 766.20 -4.80
Company Price Change %Gain
Jet Airways 346.85 8.07
Mindtree 838.20 -0.05
Yes Bank 191.30 -7.14
HDFC 1,887.55 1.91
Info Edge 1,370.00 -0.48
Top Gainers
Company Price Change %Gain
Bharti Airtel 332.75 9.31
HCL Tech 1,022.20 3.38
Eicher Motors 24,735.00 3.30
Grasim 831.90 2.87
Reliance 1,127.40 2.79
Company Price Change %Gain
Bharti Airtel 333.60 9.81
Reliance 1,127.50 2.79
HDFC 1,887.55 1.91
SBI 290.30 1.75
Hero Motocorp 2,954.55 1.28
Top Losers
Company Price Change %Gain
Yes Bank 191.00 -7.21
Indiabulls Hsg 766.20 -4.80
JSW Steel 335.10 -2.76
Tata Steel 574.10 -2.59
IOC 143.35 -2.25
Company Price Change %Gain
Yes Bank 191.30 -7.14
Tata Steel 574.10 -2.47
Maruti Suzuki 7,332.05 -2.02
ONGC 156.55 -1.48
Axis Bank 618.30 -1.17

Live TV

Loading...
Loading...