Larsen & Toubro gains 2% as board to consider special dividend on Wednesday

The stock quoted higher for the seventh straight days, and has gained 8 per cent during the period.

Shares of Larsen & Toubro (L&T) gained 2 per cent at Rs 957 on the BSE on Monday, after the engineering conglomerate said its board will consider special dividend on Wednesday. The stock was quoting higher for the seventh straight day, and has gained 8 per cent during the period.

“Given that at the meeting of the board of directors of the Company scheduled to be held on Wednesday, October 28, 2020, it is proposed to consider and approve special dividend on equity shares, for the Financial Year 2020-21,” L&T said in a exchange filing.

The record date