Larsen & Toubro shares rally 6%; m-cap improves by Rs 117.59 bn

Brokers said the uptick in the broader market also helped investor sentiments

Shares of Larsen & Toubro on Monday settled with gains of over 6 per cent on the bourses, following which the market capitalisation of the company improved by Rs 117.59 billion.

During the day the stock of the company opened at Rs 1,300, then gained further ground and touched an intra-day high of Rs 1,331.00, up 7.31 per cent over its previous closing price on BSE.

At the end of Monday's trading session, the stock was at Rs 1,323.95, up 6.74 per cent. Following the uptick in the counter, market capitalisation of the company improved by Rs 117.59 billion to Rs 1,85,6.16