Larsen & Toubro, up 4 per cent to Rs 1,403 on the BSE, was the largest gainer among Nifty 50 and S&P BSE Sensex at 10:43 am.
The stock was trading 0.37% lower at Rs 1,313 at 09.36 am after falling 3% in early morning trade on the BSE.
The stock was up 1.5% at Rs 1,405, trading at its highest level since May 3, 2018, 5% away from its record high level of Rs 1,470 touched on February 1, 2018.
The stock was up 6% to Rs 1,379 on the BSE in early morning trade after the company reported 23% Y-o-Y jumped in its consolidated net profit at Rs 22.30 billion in September quarter.
The buyback proposal, analysts believe, is a way of paying back the shareholders in the absence of any major business investments on the horizon.
L&T has moved higher by 2% to Rs 1,349 on the BSE after its board approved the proposal for buyback of equity shares of upto Rs 90 billion at a maximum price of Rs 1,500 per share.
Brokers said the uptick in the broader market also helped investor sentiments
Analysts say pricing is key to sustain interest in L&T stock
The stock rallied 5% to Rs 1,305 on the BSE in opening trade after L&T on Saturday said its board would consider a proposal for buyback of equity shares on Thursday, August 23, 2018.
The stock moved higher by 1.3% at Rs 1,292 on the BSE after water & effluent treatment business won orders valued Rs 23.88 billion
The stock was up 3% at Rs 1,421 on the BSE in early morning trade, extending its 5% gain in the past one week, after the company reported better than expected operational performance in March 2018.
The stock hit a new high of Rs 1,467, up 3.5% on BSE after the company reported a strong 53% jump in its consolidated net profit at Rs 14.9 billion for the quarter ended December 2017.
The stock was up 1.4% at Rs 1,207 on the BSE in early morning trade
The stock hit a 52-week high of Rs 1,260, up 3.5% on the BSE, trading close to its all-time high of Rs 1,262 touched on March 4, 2015 in intra-day trade.
The stock was up 1.5% to Rs 1,244 on BSE, trading close its record high of Rs 1,262 touched on March 4, 2015 in intra-day trade.
The stock was up 4% to Rs 1,206, trading close to its 52-week high of Rs 1,223 touched on May 30
Till 09:41 am; around 23 million shares or 2.5% of total equity of L&T have changed hands on the BSE
State-run hydro power giant NHPC has awarded an order of Rs 287.48 crore for setting up 50 MW solar power capacities at Theni and Dindigul district of Tamil Nadu to Larson and Tubro Ltd. "An EPC contract for the development of 50 MW Solar PV grid connected project located at Theni and Dindigul district in Tamil Nadu has been awarded to Larson & Tubro, L&T Construction, Manapakkam, Chennai for an amount of Rs 287.48 crore with comprehensive operation and maintenance for 10 years," NHPC said in a BSE filing today. According to the statement, the project is anticipated to be completed in nine months. **************** RaysExperts commissions 5.5 MW solar project * Solar energy solution provider RaysExperts today announced the commissioning of 5.5 MW solar project for an Indian PSU. "The plant is projected to generate electricity worth over Rs 25 crore which will be sold to third parties via a solar PPA agreement," a company statement said. With RaysExperts, the company is .
Around Rs 1.4 lakh crore worth of contracts are being executed
The stock was up 1.4% to Rs 1,752 on BSE in early morning trade.