LT Share Price Edges North on Company’s Fundraise Move
Shortly after the Opening Bell, the price of LT shares rose from its opening price of ₹3,357 per share on the NSE to an intraday high of ₹3,376.30 per share.
LT Fundraise News:
The share price of Larsen & Toubro (LT) increased a little in the early morning session on Friday, ahead of the board meeting that is set for today to discuss the plan for raising capital. Within minutes of the Opening Bell, the price of LT shares rose by around 1% during the day, starting at ₹3,357 per share on the NSE and reaching an intraday high of ₹3,376.30 per share.
In an exchange filing, LT stated it would notify the Indian stock market exchanges of the fundraising initiative. We want to inform you that the Company’s Directors will meet on Friday, March 21, 2025, among other things, to request approval for financing through (the) debt issuance.
The price of LT shares has increased over the past four sessions after dipping slightly lower on Monday. Throughout these four sessions, it has increased by about 6.50% on the NSE, from ₹3,175.55 per share to ₹3,378 per share. The February 2025 market crisis has caused the LT share to drop by about 8% year-to-date, yielding no return. But the stock has stayed in the base-building phase for the entire year. Even though it lost more than 5% in a single year, it remains one of the multiculti-bagger stocks Indian stock markets have produced over the past five years. Over the past five years, LT share prices have increased by over 300 percent.
According to Q3FY25 data, LT’s consolidated net profit (attributable to firm owners) increased by 14% yearly to ₹3,358.84 crore for the fiscal third quarter that ended in December. In the same quarter last year, the business generated a profit of ₹2,947.36 crore. The consolidated net profit decreased 1.07% sequentially. On the BSE, L&T shares closed at ₹3,419.80 per, down over 1%.
L&T’s consolidated revenue from operations increased 17.3% year over year to ₹64,667.78 crores in the quarter that ended in December (Q3FY25) from ₹55,127.82 crore in Q3FY24. There was a 5.1% sequential increase in revenue.
A strong order book and higher execution activities in its Projects & Manufacturing (P&M) sectors drove the company’s 17% year-over-year growth in consolidated sales to ₹64,668 crore for the quarter ending December 31, 2024, according to an exchange filing.
