On August 31, the GVK group-led Navi Mumbai International Airport awarded the airport's engineering procurement and construction contract to Larsen & Toubro
A total of 82 separate bids received, with 10 contenders bidding for all six packages of the project
At the fundamental level, analysts say the government's move to slash corporation tax rate from 35 per cent to 25.2 per cent (including surcharge) augurs well for India Inc
The defence ministry has lost sight of what it intends to achieve via the strategic partnership route in manufacturing
It is going to take a year or a year and a half before accelerated spending for development comes, says Naik
While order inflow was healthy led by domestic projects, improved execution in select private sector and power segment supported growth
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.