Since last few days, upper circuit is being seen in many stocks. If you look at the shares of Larsen & Toubro Limited Company, you will find that the stock price of this company has also increased by 89 points and 3% to reach a new 52-week high of Rs 3,050.70 per share.
This means that the company saw a jump of more than 1.60 times on BSE (Bombay Stock Exchange).
A few days ago, the company has announced buyback of 3,12,50,000 fully paid equity shares of face value Rs 2 at a price of Rs 3,200 per equity share.
Not only this, the company has also partnered with BAE Systems Inc. And Larsen & Toubro Limited (L&T) has offered a partnership to bring the Articulated All-Terrain Vehicle (AATV) as well as the BVS10 in the Indian market.
This means that both the companies have signed an MoU in which Sono Company will work to offer BvS10 for the Armed Forces program.
And thus this new version of the company will be known as โBVS10-Sindhuโ which will be a special thing in itself.
Let us tell you that Larsen & Toubro Limited is a multinational group whose main work is to provide EPC solutions in key sectors.
Compared to last yearโs profit, the companyโs net profit this year has increased by 39% to Rs 3,096 crore and the order book has reached Rs 4,13,000 crore.
If we look at the share performance of this company in the last years, the multibagger return of the company has increased by 70% in the last 1 year.
And if you look at the returns of the company in the last 3 years, the company has given multibagger returns of more than 240% in the last 3 years. Investors must keep a close eye on such large-cap multibagger stocks.
Disclaimer: This article has been written for informational purposes only, please consult your financial advisors for investment advice.
