L&T gains 3% as realty arm signs 3 projects worth $1 billion in MMR
L&T Realty has entered into a binding agreement to jointly develop projects in South Mumbai, Western Suburbs and Thane worth Rs 8,000 crore, with a development potential of 4.4 million square feet. In the intraday trade, the shares of Larsen & Toubro (L&T) rose 3% to Rs 1,734 after the firm disclosed that its real estate unit has signed three projects in the Mumbai Metropolitan Region for $1 billion (MMR). With today’s rise, the engineering, designing, and building company’s stock has increased by 18% over the past month. The S&P BSE Sensex, in contrast, increased by 6% over the same…