| The stock tanked as much as 12.7 per cent in intra-day trades to touch a low of Rs 404 before closing at Rs 445, still down 3.8 per cent from its previous close. |
| L&T will be replaced by Maruti from today on the Sensex. The L&T counter witnessed a volume of 27.79 lakh shares on the BSE. The change would compel index funds (tracking the Sensex) to rebalance portfolios. |
| Following the de-merger of the cement business, L&T will become an engineering focussed company. |
| Incidentally, L&T's engineering division has a strong order book position. The suspension is done in order to give effect to the restructuring being carried out at the engineering and cement major. It may be recalled that L&T has decided to hive off its cement division into a separate company. |
| Therefore, after the suspension period, shares of the two companies would be traded separately - L&T , the purely engineering company. |
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