 "L&T")
Analysts remain bullish on Larsen & Toubro (L&T) and have maintained a ‘buy’ rating on the stock despite the company’s buyback proposal. The company, at its meeting on Thursday, approved a proposal to buy back up to 60 million equity shares at a maximum price of Rs 1,500 per equity share for an amount of Rs 90 billion.
Also Read: From buyback to criticism of A M Naik: Many firsts at L&T's 73rd AGM
Also Read: From buyback to criticism of A M Naik: Many firsts at L&T's 73rd AGM
The buyback proposal, analysts believe, is a way of paying back the shareholders in the absence of any major business investments on
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