LIVE MARKET TRACKER :   BSE SENSEX   26851.05      |    NSE NIFTY 8014.55    
GLOBAL MARKETS :  NASDAQ 4452.792   +1.60%    |    FSI London 6384.04   -0.55%    |    NIKKEI Japan 15291.64   +1.01%
  USD GBP EUR CAD AUD INR
USD - 0.6243 0.7913 1.1226 1.1419 61.285
GBP 1.602 - 1.2677 1.7984 1.8293 98.181
EUR 1.2639 0.789 - 1.4189 1.4433 77.4606
CAD 0.8909 0.5561 0.705 - 1.0173 54.5974
AUD 0.8758 0.5467 0.6931 0.9832 - 53.6752
INR 0.0163 0.0102 0.0129 0.0183 0.0186 -
Indian-Commodity  :  Equity & Shares  :  L&T spurts on concluding acquisition of Fidelity's MF business

L&T spurts on concluding acquisition of Fidelity's MF business (27-Nov-2012)

Larsen & Toubro is currently trading at Rs 1624.90, up by 17.90 points or 1.11% from its previous closing of Rs 1607.00 on the BSE.

The scrip opened at Rs 1612.05 and has touched a high and low of Rs 1629.00 and Rs 1612.05 respectively. So far 45079 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 1719.50 on 29-Oct-2012 and a 52 week low of Rs 971.00 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs 1613.50 and Rs 1537.20 respectively. The current market cap of the company is Rs 99918.98 crore.

The Institutions holding in the company stood at 53.24 % while Non-Institutions held 43.55% of the stake.

Larsen & Toubro's business arm L&T Finance, has completed the acquisition of Fidelity's mutual fund (MF) business in India for an undisclosed amount. After this transaction, the all new L&T Mutual Fund has over Rs 12,800 crore in managed assets and an investor base of close to 9.5 lakh investors from more than 200 cities and towns.

Through this acquisition, the company's fund suite spans the whole range of investment opportunities - equity, fixed income, hybrid, domestic and international funds - and moves closer to becoming one of the country's leading and admired asset management companies.


Top News Today
RIL, Lupin and NMDC to see some action today
(22-Oct-2014)

RIL, Lupin and NMDC to see some action todayReliance Industries' (RIL) telecom arm - Reliance Jio Infocomm is merging its two subsidiaries, Infotel Telecom and Rancore Technologies, with itself. The move is aimed at bringing all its telecom related......click on news to read complete article.

ONGC, Hero MotoCorp and SAIL to see some action today
(21-Oct-2014)

ONGC, Hero MotoCorp and SAIL to see some action todayThe Government plans to offload a portion of its stake in ONGC by the first week of November. The move is expected to speed up the Government's disinvestment programme, which has been hanging fire for......click on news to read complete article.

RBI governor hopes the economy to grow by 5.5% this year
(17-Oct-2014)

RBI governor hopes the economy to grow by 5.5% this yearReserve Bank of India (RBI) governor Raghuram Rajan has expressed hopes on the Indian growth story and has said that the country is seeing a pick-up in economic growth and more can be done to support it......click on news to read complete article.

International Stock News
US markets close higher; S&P rallies for fourth day
(22-Oct-2014)

US markets close higher; S&P rallies for fourth dayThe US markets closed higher on Tuesday, delivering another day of gains for major indexes on the heels of upbeat quarterly results from tech giant Apple and talk of economic stimulus in Europe. By far......click on news to read complete article.

US markets close higher on optimism over corporate earnings
(21-Oct-2014)

US markets close higher on optimism over corporate earningsThe US markets closed higher on Monday, with equity investors beginning the week on positive note, as optimism over corporate earnings spurred a rebound from last week's selloff. That's two straight positive......click on news to read complete article.

US markets closed higher; Dow snaps 6-day losing streak
(18-Oct-2014)

US markets closed higher; Dow snaps 6-day losing streakThe US markets closed higher on Friday, with Dow snapping 6-day losing streak, as earnings beat estimates, consumer confidence reached a seven-year high and investors speculated that central banks will......click on news to read complete article.

 

     
  
Recent Equity & Shares News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.