After the success of Chandrayaan 3, new orders have been received from all those companies which had contributed to this mission. There has also been an increase in their shares. But the speed and progress seen in Larsen Toubro was not seen in any other company. On August 23, Chandrayaan had successfully landed on the Moon, and three days before that there was an atmosphere in the company's shares. Since August 18, the company's shares have seen a rise of about 12 percent. An increase of more than Rs 40 thousand crore has been seen in the market cap of the company. The special thing is that the total market cap of the company has crossed Rs 4 lakh crore. Let us also tell you where the company's shares have reached in three weeks and how the company has benefited the investors.
Company's shares increased by Rs 286 in 25 days
Larsen & Toubro's shares have seen a rise of about 12 percent in about 25 days. The company's shares started rising from August 18 onwards. This is the same time when news about Chandrayaan's successful landing on the Moon was gaining momentum. On August 18, the company share was at Rs 2,639.90, which today reached the day's high of Rs 2926. This means that the company's shares have seen an increase of more than Rs 286 in 25 days. After the success of Chandayan, the company's shares increased. Now the news coming is that Saudi Aramco, the world's largest oil company, has placed an order worth more than 4 billion dollars. Due to which an increase is being seen in the shares of the company.
Increase of more than Rs 40 thousand crores
Due to increase in the shares of Larsen & Toubro, there has also been an increase in the valuation of the company. Since August 18, an increase of Rs 40 thousand crore has been seen in the market cap of the company. According to the data, when the market closed on August 18, the market cap of the company was Rs 3,70,892.49 crore. Which has now crossed Rs 4 lakh crore at present. According to the data, today when the company's shares reached Rs 2926, the market cap of the company came to Rs 4,11,088.08. This means that from then till now there has been an increase of Rs 40,195.59 crore in the valuation of the company. At present i.e. at 11:25 am, the market cap of the company is Rs 4,09,465.47 crore.
How did investors benefit?
Investors have also earned good profits from the company's shares. Talking about the figures, if an investor had bought 1000 shares of the company at Rs 2,639.90 on August 18 for Rs 26,39,900, then their value today would have been Rs 29,26,000. This means that the value of that investor's investment would have increased by more than Rs 2,86,000. This is the investor's profit. If experts are to be believed, the company's shares may cross the level of Rs 3,000 in the coming days. Investors can earn good income.
What is the status of the company's shares today?
If we talk about today, there is a slight increase in the shares of the company. At 11:32 am, the company's shares are trading at Rs 2914.75 with a rise of Rs 12.75. However, the company's shares had closed at Rs 2902 on Friday and opened at Rs 2903.85 today. The company's shares had reached Rs 2926 during the trading session. However, on Friday the company's shares had reached a 52-week high of Rs 2,927.95.
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