LIVE MARKET TRACKER :   BSE SENSEX   28301.71      |    NSE NIFTY 8447.55    
GLOBAL MARKETS :  NASDAQ 4758.252   +0.07%    |    FSI London 6731.14   +0.02%    |    NIKKEI Japan 17386.4   -0.12%
  USD GBP EUR CAD AUD INR
USD - 0.637 0.802 1.1265 1.1714 61.86
GBP 1.5702 - 1.2593 1.7688 1.8393 97.1338
EUR 1.2471 0.7944 - 1.4048 1.4608 77.145
CAD 0.8878 0.5655 0.712 - 1.0399 54.9193
AUD 0.8543 0.5442 0.6851 0.9623 - 52.847
INR 0.0162 0.0103 0.013 0.0182 0.0189 -
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
Telecom, IT and broadcast soon to see a new super-regulator
(25-Nov-2014)

Telecom, IT and broadcast soon to see a new super-regulatorA new super-regulator governing telecom, information technology and broadcast is on the anvil, as the Centre has finalised the broad outline for appointing a new super-regulator governing these sectors.......click on news to read complete article.

Adani Power, Bharti Airtel and Ashok Leyland to see some action today
(25-Nov-2014)

Adani Power, Bharti Airtel and Ashok Leyland to see some action todayAdani Power acquired Korba West Power Co Ltd (KWPCL) that owns a 600 MW coal-based power plant at Korba in Chhattisgarh. The company has “executed a binding term sheet for acquisition of 100 percent share......click on news to read complete article.

Voltas, Indiabulls Real Estate, Coal India and Adani Power to see some action today
(24-Nov-2014)

Voltas, Indiabulls Real Estate, Coal India and Adani Power to see some action todayIndiabulls Real Estate has emerged as the highest bidder for Voltas's prime 7.2-acre land parcel in Thane. It has been reported that the realty developer's bid of Rs 236 crore is the highest amount being......click on news to read complete article.

International Stock News
US markets move higher in a range bound trade
(25-Nov-2014)

US markets move higher in a range bound tradeThe US markets extending their gains ended modestly higher on Monday, though the trade remained tight ranged and some traders on the sidelines, lacking any major economic data. But the mood was jubilant......click on news to read complete article.

US markets closed higher as Europe, China fuel optimism
(22-Nov-2014)

US markets closed higher as Europe, China fuel optimismThe US markets closed higher on Thursday, as optimism in the global economy grew after central banks in China and Europe signaled additional stimulus measures. The initial strength on Wall Street came......click on news to read complete article.

US markets closed up on signs of strengthening economy
(21-Nov-2014)

US markets closed up on signs of strengthening economyThe US markets closed higher on Thursday, as data showed improvements in the American economy which overshadowed concern over weaker growth overseas. On the economy front, the number of people who applied......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.