L&T surges after Citi raise target price to Rs 1,305 - The New Indian Express

L&T surges after Citi raise target price to Rs 1,305

Published: 07th March 2014 01:19 PM

Last Updated: 07th March 2014 01:19 PM

Larsen & Toubro (L&T), an engineering and construction conglomerate, surged on Friday after global brokerage house Citi raised the target price of the company to Rs 1,305 from 1,137. Shares ofthe companyare trading at Rs 1,210.70, up Rs 68.7, or 6.02% at the Bombay Stock Exchange (BSE) on Friday at 12 noon.The scrip has touched an intra-day high of Rs 1,221.80 and low of Rs 1,144. The total volume of shares traded at the BSE is 608,153.In the earlier session, the shares gained 1.66%, or Rs 18.7, at Rs 1,142. Currently, the stock is trading all time 52-week high, which is above 78.54% over the 52-week low of Rs 678.10.

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