Price Update: L&T’s stock price rose today, closing at ₹3485.2, up 1.53% from yesterday’s ₹3432.8. It’s important for investors to keep an eye on L&T’s stock in the coming days.
Snapshot of L&T Stock Price Today:
- Daily Performance: L & T’s stock opened and closed at ₹3432.8, with a high of ₹3475.8 and a low of ₹3370.
- Market Cap: It stood at ₹475484.13 crore, with a 52-week high of ₹3859.65 and a low of ₹2163.77.
- Trading Activity: The BSE volume for the day was 78796 shares traded.
Insights into Shareholding:
- L&T has a 17.44% MF holding and a 24.33% FII holding.
- Recent trends show a slight decrease in both MF and FII holdings.
Financial Performance Highlights:
- ROE was 12.19% in the latest fiscal year, with an ROI of 8.37%.
- Future projections suggest an increase in ROE for the current and upcoming fiscal years.
Analyst Ratings and Projections:
- Analyst consensus rates L&T as a Buy, with a median price target of ₹4051.0.
- Target estimates range from ₹1874.0 to ₹4410.0 over the next year.
Comparison with Peers and Market Trends:
- While L & T’s stock rose, peers like DLF and Indus Towers saw mixed results.
- Benchmark indices Nifty and Sensex remained relatively stable.
Future Outlook and Trading Analysis:
- Futures trading suggests potential positive movement.
- Support and resistance levels provide guidance for traders.
Today’s analysis offers valuable insights for investors and traders, aiding in decision-making and capitalizing on market opportunities.
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