Analyst bullish on this stock, touched all time high today, will you bet?

Ronit Kawale
Ronit Kawale - Senior Editor
4 Min Read


Larsen & Toubro shares have continued to rise in the last six trading sessions.
This stock has given 24 percent profit to investors in six months.
In the last one year, the share price of Larsen & Toubro has jumped 75 percent.

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New Delhi. The Indian stock market is trading in the green today. Sensex reached the level of 74190 intraday today. Similarly, Nifty 50 also reached 22516 points. Today, in this bullish market, Larsen And Toubro Share Price was also trading at Rs 3760 at 3:25 pm. Today this share touched its all-time high level of Rs 3813.35 during intraday. On the daily chart, Larsen & Toubro stock gave a trend line breakout in the trading session of March 21. After this there has been no looking back for this stock.

Strong buying coupled with large volumes indicates that the stock may go higher. Market experts' view on Larsen & Toubro shares is also positive. According to Trendline, 28 analysts have advised to buy this stock. These analysts are recommending buying this stock from the level of Rs 3500 and their target price is Rs 3900.

Also read- This share of Rs 3 has reached 40, the government company of 1948 is not showing any signs of stopping, 4 times profit is visible ahead.

The rise continues for six sessions
Larsen & Toubro share has continued its upward trend for the last six trading sessions and has seen the level rise from Rs 3500 to Rs 3,813.35 in just 6 trading sessions. This stock has increased by about nine percent in the last one month. This stock has given 24 percent profit to investors in six months. At the same time, the share price of Larsen & Toubro has increased by 75 percent in the last one year.

Lots of orders were received so the stock went up
Larsen & Toubro has received several orders ranging from Rs 2500 crore to Rs 5000 crore in recent times. It is only after these orders that the shares of the company have increased. The company said today on March 27 that the building and factory vertical of L&T Construction has received these orders. According to L&T's classification, orders ranging from Rs 2500 crore to Rs 5000 crore are called 'large' orders.

Also read- Left studies midway, worked as a laborer in a factory, know how this person fought against every challenge and became the owner of Rs 12 thousand crores

L&T will build a 165-bed Al Naama General Hospital in Oman. The company has received this order from the Health Ministry of the Sultanate of Oman. This includes external development including civil structures, MEP services, medical equipment, finishes and landscaping. Whereas in India, the company will build Maa Kamakhya Temple Access Corridor in Assam. The company has given this information in its stock exchange filing. Apart from this, L&T Construction also received an order from a subsidiary of a major paint manufacturing company to build a polymer manufacturing plant in Gujarat.

(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. PressNews24 is not responsible for any profit or loss of yours. will be.)

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