L&T share price up 41% in last one year; should you still buy it?
1 year, 3 months ago

L&T share price up 41% in last one year; should you still buy it?

Live Mint  

Larsen & Toubro share price fell almost 2 per cent in morning trade on BSE on Friday, looking set to extend their losing run into the second consecutive session amid weak market sentiment. L&T share price has strongly outperformed equity benchmark Sensex in the last one year, rising over 41 per cent. Here's what they said: Fundamental views Abhishek Jain, Head of Research, Arihant Capital Jain said Larsen & Toubro shares have surged 20 per cent in the last three months compared to Sensex's 5 per cent primarily due to a robust order book driven by government infrastructure projects. The longer-term investment targets would be ₹3,700 and ₹5,100 levels as mentioned earlier, with a major support zone visible near ₹2,350-2,380 zone as per the lower trendline base of the channel pattern," Parekh said.

India Order Stock Near Cent Sensex Level Parekh  price  infrastructure  company  growth  levels  stock  cent  lt  zone  level  41  share  order  buy  near

History of this topic

Shares to buy or sell: Sachin Gupta of 5paisa recommends buying L&T, SAIL today - 10 December 2024
2 weeks ago

Shares to buy or sell: Sachin Gupta of 5paisa recommends buying L&T, SAIL today - 10 December 2024

Live Mint  

Stock market today: The domestic benchmark, Sensex and Nifty 50, saw minimal movement at the start of trading on Tuesday, as investors proceeded cautiously while waiting for important inflation figures from both India and the US later this week. Market Review and Outlook - Sachin Gupta, Senior Research Analyst at 5paisa The Nifty 50 benchmark index traded in a narrow …

L&T orders shine, but margins dull
1 year, 1 month ago

L&T orders shine, but margins dull

Live Mint  

Larsen and Toubro Ltd’s September quarter was characterized by healthy revenue growth and a stellar order pipeline. Infrastructure projects segment margin contracted by 120 basis points year-on-year to 5.4% last quarter, primarily due to changes in job mix and execution of older contracts. On the brighter side, L&T expects to surpass its order inflow target of 10-12% and revenue growth …

L&T shares gain after strong Q2 results; brokerages raise target
1 year, 1 month ago

L&T shares gain after strong Q2 results; brokerages raise target

Live Mint  

Larsen & Toubro share price gained over a percent on Wednesday after the company reported healthy financial performance for the quarter ended September 2023. Centrum Broking said L&T reported yet another strong set of numbers with stellar 19%/45% YoY growth in revenue and PAT driven by better execution in P&M segment and profit from sale of commercial property in the …

L&T’s net profit soars 45% in Q2 to ₹3,223 crore
1 year, 1 month ago

L&T’s net profit soars 45% in Q2 to ₹3,223 crore

Live Mint  

New Delhi: Construction and engineering behemoth Larsen & Toubro reported 45% growth in its consolidated net profit to ₹3,223 crore in the September quarter, driven by improved order book execution. The company received orders worth ₹ 89,153 crore at the group level in the quarter, registering a robust growth of 72% from a year earlier. The IT and technology services …

This is how AM Naik will continue at L&T after stepping down on September 30
1 year, 4 months ago

This is how AM Naik will continue at L&T after stepping down on September 30

Live Mint  

Infrastructure major Larsen & Toubro's AM Naik will be stepping down as the non-executive chairman on September 30. In an interview with Moneycontrol, Naik said that he will continue to be associated with the company as chairman of the two information technology subsidiaries, an advisor to the board, and chairman of the employees’ trust. "I have decided that by 2025, …

Discover Related