LIVE MARKET TRACKER :   BSE SENSEX   27578.50      |    NSE NIFTY 8351.50    
GLOBAL MARKETS :  NASDAQ 5089.36   -0.03%    |    FSI London 7031.72   +0.26%    |    NIKKEI Japan 20444.35   +0.15%
  USD GBP EUR CAD AUD INR
USD - 0.6474 0.9148 1.2312 1.2774 63.7200
GBP 1.5448 - 1.4134 1.9023 1.9739 98.4366
EUR 1.0934 0.7078 - 1.3480 1.3968 69.6619
CAD 0.8124 0.5259 0.7432 - 1.0380 51.7670
AUD 0.7830 0.5070 0.7167 0.9642 - 49.8877
INR 0.0157 0.0102 0.0144 0.0193 0.0200 -
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
FM confident of GST regime coming into force from April 2016
(26-May-2015)

FM confident of GST regime coming into force from April 2016Finance Minister Arun Jaitley has expressed his confidence that Goods and Services Tax (GST) regime would come into force from April 2016. He said, 'GST bill is a constitutional amendment bill.... We hope......click on news to read complete article.

NMDC, MRPL, Tata Motors and GMR Infrastructure to see some action today
(26-May-2015)

NMDC, MRPL, Tata Motors and GMR Infrastructure to see some action todayThe country's largest iron ore miner NMDC has charted out a growth plan to take its iron ore production to 100 million tonnes (MT) by 2022. The state-run company's production, at present, stands at about......click on news to read complete article.

Inflation under control but global economy, agrarian situation a challenge: Jaitley
(25-May-2015)

Inflation under control but global economy, agrarian situation a challenge: JaitleyFinance Minister Arun Jaitley has stated that inflation has been brought under control in the past one year but cautioned that global economic situation, state of agrarian sector and domestic investment......click on news to read complete article.

International Stock News
US markets closed lower on Friday
(23-May-2015)

US markets closed lower on FridayUS markets ended in red terrain on Friday after hawkish remarks from Federal Reserve Chair Janet Yellen, who said the central bank will likely raise interest rates this year, as long as economic activity......click on news to read complete article.

US markets closed higher; S&P edges to fresh record
(22-May-2015)

US markets closed higher; S&P edges to fresh recordThe US markets closed higher on Thursday, sending the S&P 500 to a fresh record. Investors mostly brushed off a flurry of weaker-than-expected economic data a day after minutes from Federal Reserve's......click on news to read complete article.

US markets closed mostly lower after Fed minutes
(21-May-2015)

US markets closed mostly lower after Fed minutesThe US markets closed choppy session mostly lower on Wednesday, as modest post-Fed-minutes gains evaporated by the close of the trading day. Widely anticipated minutes from the Federal Reserve's most recent......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.