L&T increases buyback price by ₹200 to ₹3,200 as shares jump
On 26 July, L&T had announced the buyback—the first such offer in its eight-decade-long history.
Source: livemint.com
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L&T final buyback price increased to Rs 3200 per equity share
L&T informed the bourses that the final buyback offer price has been arrived at after considering various factors including earnings per share, price-earnings ratio, and impact on the net worth of the company, among others.
Source: moneycontrol.com
L&T crosses Rs 4 lakh crore m-cap; analysts see more upside post $4 bn Saudi Aramco's order win
The Rs 10,000 crore buyback plan, equivalent to around 2.4% of outstanding shares at a maximum price of Rs 3,000 per share, boosts confidence in L&T. It remains Citi's top choice for the medium term.
Source: moneycontrol.com
Analyst Call Tracker: Banking, finance firms remain Street favourites as IT pain persists
Banking and finance firms were the stars of the Q1 results season, and the optimism is reflected in Moneycontrol’s Analyst Call Tracker for August.
Source: moneycontrol.com
Bengaluru: L&T submits lowest bid for Heelalige–Rajanukunte suburban rail civil work tender
Four firms participated in the bid. Only two firms qualified in the technical bid with L&T quoting Rs 1,021 crore and the other firm, Afcons Infrastructure, quoting Rs 1,424 crore
Source: moneycontrol.com