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All eyes are on the U.S. nonfarm payrolls report, due at 1230 GMT, which will show job growth likely slowed in September, although overall labour market conditions remain tight, providing the Federal Reserve with cover to continue hiking rates.

"Two things can work for us – one is our growth, which will be higher than the global average, and the second is when the oil prices come down, you will see appreciation bias again in the rupee. You can see the rupee going below 82."

The Relative Strength Index of the stock stood at 42.56 on Friday.

The lender said it was making a cash tender offer in relation to eight euro or pound sterling denominated senior debt securities for an aggregate consideration of up to 1 billion euros.

The company, in an exchange filing, announced amendments in the securities purchase agreement executed by Varroc Engineering, along with its wholly-owned Subsidiary VarrocCorp Holding BV Netherlands, with Compagnie Plastic Omnium Se, France

The stock quoted a 52-week high of Rs 54000.0 and a 52-week low of Rs 34175.2.

Brokerages remain positive on the issue amid reasonable valuations, growth prospects and dominance in the markets. However, a few have raised concerns over dependence on major brands and online competition.

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 270012.71 Crore) operating in Construction sector.

The collection efficiency was maintained at 99 per cent, with restructured and NPA books showing healthy collections. The bank continues to focus on stressed buckets and reducing incremental overdue, it added

The brokerage is bullish on the auto major in the wake of its interaction with the management and factors in currency, new product cycle tailwind, lower competitive intensity (launches) and operating leverage.