LIVE MARKET TRACKER :   BSE SENSEX   26567.99      |    NSE NIFTY 7945.55    
GLOBAL MARKETS :  NASDAQ 4419.982   -0.05%    |    FSI London 6502.92   -0.83%    |    NIKKEI Japan 15661.99   -2.61%
  USD GBP EUR CAD AUD INR
USD - 0.6204 0.7915 1.1159 1.1397 61.51
GBP 1.6121 - 1.276 1.7989 1.8373 99.1572
EUR 1.2636 0.7839 - 1.41 1.4401 77.721
CAD 0.8962 0.556 0.7094 - 1.0214 55.1249
AUD 0.878 0.5447 0.695 0.9798 - 54.0058
INR 0.0163 0.0101 0.0129 0.0182 0.0185 -
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
Fiscal deficit touches 74.9 percent of the Budget Estimates for 2014-15
(01-Oct-2014)

Fiscal deficit touches 74.9 percent of the Budget Estimates for 2014-15Sounding an alarm bell for the government, the data released by the Controller General of Accounts has revealed that the Fiscal deficit touched 74.9 percent of the Budget Estimates for 2014-15 to cross......click on news to read complete article.

Tata Power, NTPC and Hindalco Industries to see some action today
(30-Sep-2014)

Tata Power, NTPC and Hindalco Industries to see some action todayThe government has cancelled approvals of nine special economic zones, including that of Hindalco Industries, Essar and Adani as no satisfactory progress was made to execute the projects. The decision......click on news to read complete article.

CCEA defers its decision on revising gas prices to November 15
(25-Sep-2014)

CCEA defers its decision on revising gas prices to November 15In a major setback to the oil and gas sector, the Cabinet Committee on Economic Affairs (CCEA) has deferred its decision on revising gas prices, expected October-end, to November 15. The CCEA headed by......click on news to read complete article.

International Stock News
US markets closed lower amid mixed economic reports
(01-Oct-2014)

US markets closed lower amid mixed economic reportsThe US markets closed lower on Tuesday, as investors found little solace in mixed bag of economic reports on housing, manufacturing and consumer confidence. The annual home price growth slowed in July......click on news to read complete article.

US markets close lower; stocks recover from session lows
(30-Sep-2014)

US markets close lower; stocks recover from session lowsThe US markets closed lower on Monday, recovering from early morning selling bout, as investor confidence was hit by violent unrest in Hong Kong and a rebound in consumer spending fueled speculation that......click on news to read complete article.

US markets closed higher on bargain hunting
(27-Sep-2014)

US markets closed higher on bargain huntingThe US markets closed higher on Friday on bargain hunting following Thursday's sell-off, which pulled all the three major averages down to their lowest closing levels in over a month. Sentiments remained......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.