A large-cap firm with a market cap of 218,008 Cr. The one who specializes in the construction industry is Larsen & Toubro Limited. An Indian global company named Larsen & Toubro deals in engineering, building and technology in more than 50 different countries. The stock climbed 1.02 percent from its previous close 1535.80 and closed at a market price of 1,551.50 today. At current levels, shares of Larsen & Toubro are trading 25.35 per cent down from 52-week high and 6.53 per cent above 52-week low on NSE, where the stock touched 52-week high. 52-week low of 2,078.55 on January 18, 2022 1,456.35 as on 20 June 2022. The board of the company proposed a dividend of Rs. 22.00 per share, or 1100 per cent of the face value of Rs. 2/- per share, for the financial year ending March 31, 2022. The company today notified the record date for the proposed dividend.
In its exchange filing, Larsen & Toubro informed BSE that “The company has fixed Friday, 22 July 2022 as the record date so that the members are entitled to receive the proposed dividend of Rs. 22.00 per share face value Rs. 2. 2/- each for the year ended 31st March, 2022. The dividend, if declared at the AGM, will be paid on or before Monday, August 2022. The company has declared the cut-off date as Thursday, 28th July, 2022. as prescribed. The purpose of determining the members eligible to vote on the resolutions prescribed for the notice of the AGM or to participate in the AGM.”
The stock is trading above the five-day moving average but below the 20-day, 50-day, 100-day and 200-day moving averages at current levels. The book value per share of the company is 691.18, and at the current price of the stock, it is trading at 2.24 times the book value. The company’s PE of 25.15 is its highest level since October 2021, and its current EPS is Rs. 61.70 crore is comparatively less as compared to the post-March 2019 levels.