Larsen & Toubro dips 5% as investors book profit post Q2 results

The company reported a reasonable July-September quarter operational performance amid a subdued business environment

Shares of Larsen & Toubro (L&T) slipped 5 per cent at Rs 936 on the BSE on Thursday as investors booked profit after the announcement of the company's September quarter results of FY21. Further, the company's board approved special dividend of Rs 18 per equity share i.e. 900 per cent on face value of Rs 2 each, for the financial year 2020-21. The company has fixed November 5, 2020 as the record date for the purpose of payment of dividend.

The stock had gained for eight straight trading days, rallying 11 per cent, as compared to 0.48 per cent