Stock of Interest

Posted On: August 16, 2023

Stock Report: LT (NSE) 14 AUG 23 

Larsen & Toubro Ltd (L&T) is an Indian multinational conglomerate founded in 1938. It is headquartered in Mumbai, India. L&T operates in various sectors including engineering, construction, manufacturing, information technology, and financial services. The company is known for its involvement in major infrastructure projects, industrial equipment manufacturing, and technology solutions. L&T has a strong global presence and has contributed significantly to India’s development through its diverse range of services and projects.  

#xCalData predicts LT will continue its Bullish phase over the next five days and trend in the range of 2726 to 2591. 

In comparison to the previous month, the price of the stock has experienced an increase of 8.56% indicating a Bullish.     

The Stock has doubled once since 14 Dec 2015 and took an average of 5.8 years to double.     

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only HeikinAshi and RVI indicates bearish view. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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