Larsen & Toubro jumps 5% amid high volumes




The company continues to strongly focus on digitalisation across business segments in the construction space NSEBSELarsen & ToubroLoading data…

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        ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIES NEW DELHI Shares of Larsen & Toubro (L&T) jumped 4 per cent amid high volumes in Friday’s trade.

        The stock rose 4.5 per cent to hit a high of Rs 1,176.7 on BSE. A total of 1.67 lakh shares had changed hands on the counter till 11 am, compared with a two-week average of 1.24 lakh shares.

        Brokerage Motilal Oswal Securities which met L&T’s management noted that the company continues to see a strong push by the government toward increasing infrastructure investments and areas such as T&D, water, rail, Metros, defense, smart cities and renewables were seeing positive momentum. Private sector capex is still 1-2 years away.

        The company continues to strongly focus on digitalisation across business segments in the construction space – using technology to track assets, material and manpower movement – to cut costs, the brokerage noted.

        L&T also expects to cut 2-3 per cent of operating costs via increased use of technology and digitalisation, it said.




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