L&T surges 5% to hit fresh high; surpasses its buyback price of Rs 3,200
Shares of Larsen & Toubro (L&T) surged 5 per cent to hit a new high of Rs 3,347.25 on the BSE in Monday’s intra-day trade amid heavy volumes led by a strong business outlook.
The stock of engineering, procurement and construction (EPC) major topped its share buyback price of Rs 3,200 per share today.
L&T had bought back 31.25 million equity shares of the company via tender offer, which opened on September 18, 2023 and closed on September 25, 2023.
