It is a good sign if promoters increase stake in the company.
Some 15 analysts had ‘buy’ call on the stock while nine had ‘outperform’ rating for it.
The last five months in particular turned highly volatile for domestic stocks.
His fund Pabrai Investment Fund (PIF) 3 slipped the most by 41.90 per cent last year.
L&T had proposed to buy back up to 6.1 crore shares at a price of Rs 1,475 per share.
There are expectations that the lender may report a double-digit growth in net profit.
The 30-share Sensex gained 376.80 points, or 1.05 per cent, to 36,386.60 during the week.
The second half of 2018 was highly volatile for domestic equities.
Promoters of over 150 companies -- barring PSU banks -- raised their stake in December quarter.
Data showed that the insurer kept its stake steady in more than 110 companies.
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