Do you own this real estate stock that is into the expansion of a 6 million square feet project?
The company's 52 week high was Rs 2078.55 and 52 week low was Rs 1456.35.
L&T Realty, the Real Estate Development arm of L&T Ltd and Singapore-listed CapitaLand India Trust Management Private Limited (CLINT), trustee-manager of CLINT, entered into a non-binding term sheet for a commercial platform to develop nearly 6 million square feet (0.56 million square meters) of prime office space across Bengaluru, Chennai and Mumbai in India.
Under this platform, L&T will build and develop office space and CLINT will do the marketing of office space upon completion of these developments, CLINT is expecting a majority of capital commitment for the project starting in the second half of 2024. CLINT will get ownership of these properties slowly and gradually.
Larsen and Toubro Limited (L&T Ltd) is an Indian multinational company with operations in engineering, construction, manufacturing, technology, information technology and financial services. CLINT is a Singapore-listed real estate investment, development and management company. One of Asia's largest real estate companies, it owns and manages a global portfolio that includes integrated developments, real estate investment trusts (REITs) and funds.
L&T Ltd 52 week high was Rs 2078.55 and 52 week low was Rs 1456.35, today at 1:30 pm. It declined by 21.15 points or 1.05 per cent at Rs 1993.95. The company's quarterly net profit in September 2022 was Rs 282.40 crore, up 22.78 per cent from Rs 230.00 crore in September 2021.
Keep an eye on this Mid-Cap stock for upcoming trading sessions!