The announcement was made during trading hours today, 23 February 2018.
Meanwhile, the S&P BSE Sensex was up 243.09 points, or 0.72% to 34,062.59.
On the BSE, 57,000 shares were traded in the counter so far compared with average daily volumes of 3.66 lakh shares in the past one quarter. The stock had hit a high of Rs 1299.20 and a low of Rs 1280.70 so far during the day. The stock hit a record high of Rs 1,469.60 on 1 February 2018. The stock hit a 52-week low of Rs 973.99 on 3 March 2017.
On a consolidated basis, L&T's net profit surged 48.4% to Rs 1617.88 crore on 10.1% growth in net sales to Rs 28747.45 crore in Q3 December 2017 over Q3 December 2016.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
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