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A large win in the Middle East, likely to beat its order inflow guidance for FY24 As per media reports (Link), L&T is the preferred contractor for USD 3.9bn order for Jafurah Unconventional Gas Field, Saudi Arabia (Source: MEED). Also, till date in FY24, L&T has announced orders worth over INR 750bn. With this significant accretion in orders, L&T could report >20% growth in order inflow in Q2 (excl. services), in our view. Note L&T has highlighted that order prospects ha...
Buy Larsen & Toubro Ltd For Target Rs.3,141 - ICICI Securities
A large win in the Middle East, likely to beat its order inflow guidance for FY24 As per media reports (Link), L&T is the preferred contractor for USD 3.9bn order for Jafurah Unconventional Gas Field, Saudi Arabia (Source: MEED). Also, till date in FY24, L&T has announced orders worth over INR 750bn. With this significant accretion in orders, L&T could report >20% growth in order inflow in Q2 (excl. services), in our view. Note L&T has highlighted that order prospects ha...
Buy Larsen & Toubro Ltd For Target Rs.3,141 - ICICI Securities
Larsen & Toubro is currently trading at Rs. 2678.35, up by 38.90 points or 1.47% from its previous closing of Rs. 2639.45 on the BSE. The scrip opened at Rs. 2654.00 and has touched a high and low of Rs. 2682.00 and Rs. 2654.00 respectively. So far 31764 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2767.00 on 24-Aug-2023 and a 52 week low of Rs. 1798.00 on 29-Sep-2022. Last one week high and low of the sc...
Larsen & Toubro rises on incorporating Joint Venture Company
Larsen & Toubro and Hindustan Aeronautics are among companies vetted to potentially bid in India's efforts to privatise its small satellite launch rocket, a source told Reuters, as the government seeks more investment in the booming space market. The Small Satellite Launch Vehicle (SSLV) was developed by the Indian Space Research Organisation (ISRO), the national space agency, as a low-cost means to launch satellites weighing up to 500 kg (1,102 lb) into low-earth orbit. They se...
L&T, HAL vetted to bid on India rocket privatisation-source
Domestic equities pared some gains amid profit booking after 3 days of positive close. Nifty snapped its initial gains and closed with a marginal loss of 57 points at 19,387 level, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. Nifty Midcap 100 outperformed the benchmark and ended in green. Sectorally, it was a mixed bag with buying seen in IT, Realty, FMCG and Banking space. Railway stocks were in momentum on account of the strong order book and...
Nifty pares gains after three days of positive close
Larsen & Toubro Ltd * We are seeing a steady uptrend in Capital goods stocks and LT is leading from the front. * Stock has been gradually inching higher from last 3 months, holding above its short term moving average .i.e 20 DEMA. * It has witnessed a fresh breakout from a brief consolidation indicating next leg of up move. * We thus advise buying Call option in the mentioned zone. Buy Larsen & Toubro Ltd CMP 38.60; Range 36-39; SL 20; Target 72 To...
Stock of the day : Buy Larsen & Toubro Ltd For Target Rs.72 - Religare Broking Ltd
Larsen & Toubro is currently trading at Rs. 2715.30, up by 35.80 points or 1.34% from its previous closing of Rs. 2679.50 on the BSE. The scrip opened at Rs. 2685.10 and has touched a high and low of Rs. 2725.75 and Rs. 2685.00 respectively. So far 58878 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2725.75 on 23-Aug-2023 and a 52 week low of Rs. 1798.00 on 29-Sep-2022. Last one week high and low of the sc...
L&T moves up as its construction arm secures new orders for Power Transmission & Distribution Business
Larsen & Toubro is currently trading at Rs. 2673.80, up by 10.00 points or 0.38% from its previous closing of Rs. 2663.80 on the BSE. The scrip opened at Rs. 2673.70 and has touched a high and low of Rs. 2680.00 and Rs. 2663.00 respectively. So far 14534 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2693.95 on 16-Aug-2023 and a 52 week low of Rs. 1798.00 on 29-Sep-2022. Last one week high and low of the sc...
L&T rises on bagging order to build urea plant in Australia
L&T’s 1QFY24 PAT at INR 24.9bn beat estimate of INR 21.5bn (consensus: INR 19bn) led by higher revenue and higher other income. P&M business EBITDA margin at 7.5% missed estimate of 8.5% but L&T remained confident of meeting its guidance of 9% in FY24 (FY23: 8.6%) with completion of legacy low margin projects in 1H. Order inflows beat estimate and grew 57% YoY to INR 655bn with order backlog at INR 4.1trln (2.9x P&M revenue). NWC remained low at 17% of revenue (16% in Ma...
Buy Larsen and Toubro Ltd For Target Rs. 2,834 - JM Financial Institutional Securities Limited
Larsen & Toubro is currently trading at Rs. 2649.50, up by 87.55 points or 3.42% from its previous closing of Rs. 2561.95 on the BSE. The scrip opened at Rs. 2613.20 and has touched a high and low of Rs. 2670.00 and Rs. 2590.00 respectively. So far 42217 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2,670.00 on 26-Jul-2023 and a 52 week low of Rs. 1742.00 on 26-Jul-2022. Last one week high and low of the s...
Larsen & Toubro shines on reporting 36% rise in Q1 consolidated net profit
India's Larsen & Toubro reported a bigger-than-expected 46.5% rise in first-quarter profit on Tuesday, boosted by strong performance at its core engineering and construction business, and it also approved buyback of shares worth up to 100 billion rupees. L&T's consolidated net profit after tax rose to 24.93 billion rupees ($304.53 million) for the quarter ended June 30, from 17.02 billion rupees a year ago. Analysts, on average, had expected a profit of 19.74 billi...
India`s Larsen & Toubro posts Q1 profit beat
Larsen & Toubro’s (L&T) is currently trading at Rs. 2549.35, up by 59.75 points or 2.40% from its previous closing of Rs. 2489.60 on the BSE. The scrip opened at Rs. 2523.40 and has touched a high and low of Rs. 2572.80 and Rs. 2523.30 respectively. So far 54313 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2,572.80 on 21-Jul-2023 and a 52 week low of Rs. 1715.00 on 21-Jul-2022. Last one week hig...
L&T surges as its construction arm secures order for heavy civil infrastructure business
L&T Technology Services is currently trading at Rs. 4103.50, up by 39.95 points or 0.98% from its previous closing of Rs. 4063.55 on the BSE. The scrip opened at Rs. 4042.00 and has touched a high and low of Rs. 4126.40 and Rs. 4030.85 respectively. So far 11501 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4316.75 on 02-Dec-2022 and a 52 week low of Rs. 3135.35 on 19-Jul-2022. Last one week high and low o...
L&T Technology Services moves up on winning $50 million Hi-Tech deal
Larsen & Toubro is currently trading at Rs. 2474.00, up by 5.00 points or 0.20% from its previous closing of Rs. 2469.00 on the BSE. The scrip opened at Rs. 2469.00 and has touched a high and low of Rs. 2489.90 and Rs. 2467.45 respectively. So far 22692 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2503.00 on 07-Jul-2023 and a 52 week low of Rs. 1694.25 on 18-Jul-2022. Last one week high and low of the scr...
L&T trades in green on the bourses
Larsen & Toubro is currently trading at Rs. 2478.20, up by 4.95 points or 0.20% from its previous closing of Rs. 2473.25 on the BSE. The scrip opened at Rs. 2473.25 and has touched a high and low of Rs. 2482.00 and Rs. 2465.60 respectively. So far 15168 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2503.00 on 07-Jul-2023 and a 52 week low of Rs. 1648.00 on 15-Jul-2022. Last one week high and low of the scr...
L&T rises as its construction arm secures orders for water & effluent treatment business
Engineering major Larsen & Toubro Ltd (L&T) said that it is playing a critical role in India's third moon mission slated to launch on Friday afternoon. According to L&T, the company is involved in the Chandrayaan-3 mission from manufacturing of subsystems till mission tracking. The critical booster segments, namely head end segment, middle segment, and nozzle bucket flange, with a diameter of 3.2 metre were manufactured and proof pressure tested at L&T’s Facili...
L&T plays a critical role in India`s Chandrayaan-3 mission
Service Care Service Care is coming out with a 100% book building; initial public offering (IPO) of 30,86,000 shares of Rs 10 each in a price band Rs 63 -67 per equity share. The issue will open for subscription on July 14, 2023 and will close on July 18, 2023. The shares will be listed on NSE Emerge. The face value of the share is Rs 10 and is priced 6.30 times of its face value on the lower side and 6.70 times on the higher side. Book running lead manager to the issue is Swast...
Service Care coming with an IPO to raise upto Rs 20.68 crore
Larsen & Toubro is currently trading at Rs. 2460.00, up by 15.55 points or 0.64% from its previous closing of Rs. 2444.45 on the BSE. The scrip opened at Rs. 2454.65 and has touched a high and low of Rs. 2478.35 and Rs. 2451.60 respectively. So far 29274 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2503.00 on 07-Jul-2023 and a 52 week low of Rs. 1633.75 on 14-Jul-2022. Last one week high and low of the sc...
L&T gains on signing master ship repair agreement with US Navy
Engineering and construction major Larsen & Toubro on Monday said it struck an agreement with Spanish shipbuilder Navantia to bid for a submarine tender by the Indian Navy likely valued at more than 4.8 billion euros ($5.26 billion). Navantia and L&T first signed a memorandum of understanding in April to bid for the Indian Navy's Project 75 (India) that requires domestic firms to tie up with foreign companies to produce six conventional submarines equipped with air-independent ...
L&T, Spain`s Navantia to jointly bid for $5-billion India submarine tender
Larsen & Toubro is currently trading at Rs. 2490.70, up by 20.20 points or 0.82% from its previous closing of Rs. 2470.50 on the BSE. The scrip opened at Rs. 2464.35 and has touched a high and low of Rs. 2499.90 and Rs. 2464.35 respectively. So far 29934 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2499.90 on 06-Jul-2023 and a 52 week low of Rs. 1552.20 on 06-Jul-2022. Last one week high and low of the sc...
L&T rises as its construction arm secures order for Buildings & Factories Fast Business
Larsen & Toubro is currently trading at Rs. 2420.50, up by 27.20 points or 1.14% from its previous closing of Rs. 2393.30 on the BSE. The scrip opened at Rs. 2414.85 and has touched a high and low of Rs. 2424.00 and Rs. 2380.95 respectively. So far 42954 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2424.00 on 22-Jun-2023 and a 52 week low of Rs. 1468.00 on 22-Jun-2022. Last one week high and low of the sc...
Larsen & Toubro jumps on inking contract with DRDO
Larsen & Toubro is currently trading at Rs. 2354.95, up by 15.55 points or 0.66% from its previous closing of Rs. 2339.40 on the BSE. The scrip opened at Rs. 2342.20 and has touched a high and low of Rs. 2357.90 and Rs. 2327.00 respectively. So far 16743 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2416.00 on 02-May-2023 and a 52 week low of Rs. 1456.80 on 20-Jun-2022. Last one week high and low of the sc...
L&T surges on bagging order for Hydrocarbon business
India's state-owned Bharat Heavy Electricals Ltd reported a 34.2% fall in quarterly profit on Friday, hurt by a rise in total expenses despite the surging power demand in the country. Standalone net profit fell to 5.98 billion Indian rupees ($72.4 million) for the fourth quarter ended Mar. 31, from 9.09 billion rupees a year earlier, the company said in an exchange filing. Total expenses rose 5.4% due to a sharp rise in input costs led by raw materials that had gone up 23.9% y...
India's BHEL reports 34.2% fall in profit as higher material costs weigh
Larsen & Toubro is currently trading at Rs. 2211.95, up by 21.65 points or 0.99% from its previous closing of Rs. 2190.30 on the BSE. The scrip opened at Rs. 2190.30 and has touched a high and low of Rs. 2222.00 and Rs. 2178.20 respectively. So far 48092 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2416.00 on 02-May-2023 and a 52 week low of Rs. 1456.80 on 20-Jun-2022. Last one week high and low of the sc...
L&T soars after its construction arm secures orders for Power Transmission & Distribution Business
Siemens Ltd, the Indian arm of German engineering company Siemens AG, reported a near-39% rise in quarterly profit, helped by a boost in infrastructure spending in the country. Consolidated net profit rose to 4.71 billion rupees ($57.59 million) in the second quarter ended March 31, from 3.40 billion rupees a year earlier, the company said on Thursday. Like its peers ABB India Ltd and Larsen & Toubro Ltd, Siemens has gained from government spending on infrastructure, especially rail...
Siemens India arm`s profit jumps 39% on strong order book
Larsen & Toubro (L&T) on Wednesday named S. N. Subrahmanyan as its new Chairman and Managing Director while non-executive Chairman Anil M. Naik has been conferred the status of Chairman Emeritus. These top-level changes shall be effective from October 1, as per a decision of the L&T Board of Directors meeting on Wednesday. Subrahmanyan is presently the company's CEO and MD, while Naik, 80, has been with the group for nearly six decades. Naik, popular as AMN in c...
Change of guard at L&T, S.N. Subrahmanyan new CMD, A.M. Naik to be Chairman Emeritus
Indian engineering and construction company Larsen & Toubro Ltd reported a bigger-than-expected rise in fourth-quarter profit on Wednesday on higher project executions amid robust order inflow. L&T's consolidated net profit rose 10.1% to 39.87 billion rupees ($487.5 million) in the quarter ended March 31 from a year earlier. Analysts, on average, had expected a profit of 39.23 billion rupees, according to Refinitiv IBES data. ($1 = 81.7800 Indian rupees)
India`s Larsen & Toubro posts fourth-quarter profit beat
Larsen & Toubro is currently trading at Rs. 2245.95, up by 16.05 points or 0.72% from its previous closing of Rs. 2229.90 on the BSE. The scrip opened at Rs. 2234.95 and has touched a high and low of Rs. 2252.00 and Rs. 2220.00 respectively. So far 38241 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2329.90 on 11-Apr-2023 and a 52 week low of Rs. 1456.80 on 20-Jun-2022. Last one week high and low of the sc...
L&T gains as its construction arm secures orders for Power Transmission & Distribution Business
Larsen& Toubro Ltd Buy Larsen& Toubro Ltd CMP 2224.00: Initiation Range2226-2230: Target 2253.00: Stop Loss 2253.00 Bank of Baroda Buy Bank of Baroda CMP 180.00: Initiation Range 179.70-180.30: Target 182.30: Stop Loss 178.40 To Read Complete Report & Disclaimer Click Here Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registr...
Stock Picks : Larsen& Toubro Ltd and Bank of Baroda Ltd By ICICI Direct
Larsen & Toubro is currently trading at Rs. 2215.00, up by 44.05 points or 2.03% from its previous closing of Rs. 2170.95 on the BSE. The scrip opened at Rs. 2161.10 and has touched a high and low of Rs. 2215.80 and Rs. 2161.10 respectively. So far 25919 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2297.30 on 20-Jan-2023 and a 52 week low of Rs. 1456.80 on 20-Jun-2022. Last one week high and low of the sc...
L&T spurts on securing multiple contracts for Hydrocarbon Business
Larsen & Toubro is currently trading at Rs. 2157.35, up by 10.35 points or 0.48% from its previous closing of Rs. 2147.00 on the BSE. The scrip opened at Rs. 2151.15 and has touched a high and low of Rs. 2170.00 and Rs. 2151.15 respectively. So far 10277 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2297.30 on 20-Jan-2023 and a 52 week low of Rs. 1456.80 on 20-Jun-2022. Last one week high and low of the sc...
L&T trades higher as its construction arm secures orders for Power Transmission & Distribution Business
Larsen & Toubro is currently trading at Rs. 2154.10, up by 20.95 points or 0.98% from its previous closing of Rs. 2133.15 on the BSE. The scrip opened at Rs. 2134.00 and has touched a high and low of Rs. 2155.00 and Rs. 2122.95 respectively. So far 6865 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2297.30 on 20-Jan-2023 and a 52 week low of Rs. 1456.80 on 20-Jun-2022. Last one week high and low of the scr...
L&T moves up on raising Rs 2000 crore through NCDs
Larsen & Toubro is currently trading at Rs. 2228.50, up by 14.90 points or 0.67% from its previous closing of Rs. 2213.60 on the BSE. The scrip opened at Rs. 2214.50 and has touched a high and low of Rs. 2233.40 and Rs. 2214.50 respectively. So far 6422 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2297.30 on 20-Jan-2023 and a 52 week low of Rs. 1456.80 on 20-Jun-2022. Last one week high and low of the scr...
L&T gains on entering into Electrolyzer Manufacturing Binding agreement with McPhy Energy
Larsen & Toubro is currently trading at Rs. 2225.70, up by 17.35 points or 0.79% from its previous closing of Rs. 2208.35 on the BSE. The scrip opened at Rs. 2213.05 and has touched a high and low of Rs. 2246.00 and Rs. 2213.05 respectively. So far 26127 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2297.30 on 20-Jan-2023 and a 52 week low of Rs. 1456.80 on 20-Jun-2022. Last one week high and low of the sc...
L&T gains as its construction arm secures orders for various businesses
Larsen & Toubro is currently trading at Rs. 2224.25, up by 46.05 points or 2.11% from its previous closing of Rs. 2178.20 on the BSE. The scrip opened at Rs. 2187.15 and has touched a high and low of Rs. 2224.25 and Rs. 2181.05 respectively. So far 26769 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2297.30 on 20-Jan-2023 and a 52 week low of Rs. 1456.80 on 20-Jun-2022. Last one week high and low of the sc...
Larsen & Toubro jumps on securing multiple offshore packages for Hydrocarbon Business
Larsen & Toubro Ltd Buy Larsen & Toubro Ltd @ 228.80-229.20 CMP 2173.23 Stop Loss 226.90 Target 232.40 State Bank of India Ltd Buy State Bank of India Ltd @ 523-524.5 CMP 524.50 Stop Loss 519.40 Target 530.70 To Read Complete Report & Disclaimer Click Here Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html ...
Stock Picks : Larsen & Toubro Ltd and State Bank of India Ltd By ICICI Direct
Axis Bank Ltd Buy Axis Bank Ltd @ 824-826 CMP 832.85 Stop Loss 817.80 Target 837.00 Larsen & Toubro Ltd Buy Larsen & Toubro Ltd @ 2132-2136 CMP 2144.20 Stop Loss 2116.80 Target 2159.00 To Read Complete Report & Disclaimer Click Here Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ0001836...
Stock Picks : Axis Bank Ltd and Larsen & Toubro Ltd By ICICI Direct
Larsen & Toubro Ltd Buy Larsen & Toubro Ltd @2150-2154 CMP 2152.00 Stop Loss 2133.00 Target 2183.00 Reliance Industries Ltd Buy Reliance Industries Ltd @2358-2363 CMP 2385.40 Stop Loss 2341.00 Target 2393.00 To Read Complete Report & Disclaimer Click Here Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number...
Stock Picks : Larsen & Toubro Ltd and Reliance Industries Ltd By ICICI Direct
Larsen & Toubro Ltd Buy Larsen & Toubro Ltd @ 2102-2106 CMP 2110.00 Stop Loss 2087.00 Target 2133.00 ONGC Ltd Buy ONGC Ltd @153.40-153.80 CMP 154.00 Stop Loss 151.90 Target 156.40 To Read Complete Report & Disclaimer Click Here Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registrat...
Stock Picks : Larsen & Toubro Ltd and ONGC Ltd By ICICI Direct
Defence Minister Rajnath Singh on Monday urged Indian and global industry leaders to support the governments push for design, development and manufacture of cutting-edge products using critical technologies in the country to attain complete Aatmanirbharta in the field of defence. "The overall objective is to achieve shared global peace and prosperity," he said while addressing a gathering of over 70 CEOs from local and global original equipment manufacturers (OEMs) during a Round...
Manufacturing cutting-edge products need of the hour: Defence Minister Rajnath Singh at Aero India 2023
LARSEN & TOUBRO Ltd * The stock has given a consolidation breakout on the daily chart, suggesting a rise in optimism for the near term. * Besides, the stock has sustained above the crucial near term moving average (14 DMA). * The daily RSI is in bullish crossover and rising. * Over the short term, the stock is likely to move towards 2400 and higher. On the lower end, support is placed at 2077. BUY LARSEN & TOUBRO Ltd @ Rs.2182-2192 Stop Loss Below Rs.2077C...
LKP Spade : A Weekly Pick - Buy LARSEN & TOUBRO Ltd For Target Rs.2406 - LKP Securities
Stock Picks Wipro Ltd Buy State Bank of India Ltd @ 402-403 CMP 402.40 Stop Loss 398.70 Target 408.80 Stock Picks Larsen & Toubro Ltd Buy Maruti Suzuki Ltd @ 2128-2132 CMP 2111.80 Stop Loss 2145.55 Target 2145.55 To Read Complete Report & Disclaimer Click Here Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631 Abov...
Stock Picks : Wipro Ltd And Larsen & Toubro Ltd By ICICI Direct
India's Larsen & Toubro reported a smaller-than-expected rise in quarterly profit on Monday, as moderate growth in order inflows hurt the infrastructure company. L&T's net profit grew over 24% to 25.53 billion Indian rupees ($313.25 million) in the quarter ended Dec. 31. However, that missed analysts' average estimate of 26.50 billion rupees, according to Refinitiv IBES data. The company reported moderated 21% year-on-year growth in order inflows, compared to 23% ...
India's Larsen and Toubro third-quarter profit misses on moderate order growth
Wipro Buy Wipro @ 407.40-408.20 CMP 407.00 Stop Loss 403.60 Target 414.90 Larsen & Toubro Ltd Buy Larsen & Toubro Ltd @ 2238-2243 CMP 2233.50 Stop Loss 2219.80 Target 2269.00 To Read Complete Report & Disclaimer Click Here Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631 Above views are of the author and not of the webs...
Stock Picks : Wipro And Larsen & Toubro Ltd By ICICI Direct
APL Apollo Tubes Ltd • The stock is in strong uptrend forming a series of higher tops and bottoms on the daily and weekly time indicating positive bias • The stock is well placed above its key averages 20, 50, 100 and 200 day SMA’s and sustaining above the same which reconfirm bullish sentiments. • On the daily chart, the stock has confirmed “rounding bottom” formation which denotes continuation of prior uptrend • The daily and weekly strength...
Weekly Tech Picks: APL Apollo Tubes Ltd , Sobha Ltd , Vedanta Ltd, Larsen & Toubro Ltd By Axis Securities
Mumbai: The Buildings & Factories (B&F) Fast Business of L&T Construction has secured a significant repeat order from a reputed and prestigious commercial developer, one of India’s largest mixed-use developers and operators. The mandate is to construct two towers with commercial office space in Hyderabad with approximate built-up areas of 28.91 lakh sq. ft and 28.53 lakh sq. ft respectively. The project scope includes civil work for the composite structure including MEP, ...
L&T Construction awarded Significant contract for its Buildings & Factories Fast Business
Mumbai: Larsen & Toubro, an Indian multi-national engaged in EPC Projects, Hi-Tech Manufacturing, and Services, announced today the signing of a Memorandum of Understanding (MoU) with the Norway-based H2Carrier (H2C) to co-operate towards developing floating green ammonia projects for industrial-scale applications with an aim to decarbonise the global economy. H2C has proven expertise in developing and integrating Power-to-X (PtX) projects based on affordable, often stranded, non-commerci...
Larsen & Toubro and H2Carrier AS sign MoU
In a Rs 800 crore deal, engineering services company L&T Technology Services Ltd will acquire the Smart World & Communication (SWC) business of Larsen & Toubro Ltd (L&T), the companies said on Thursday. According to L&T, the revenue of the carved-out business for FY 2021-22 was Rs 1,098 crore (including inter-segment revenues) and networth was Rs 440 crore. The business transfer to L&T Technology Services will be on slump sale basis. According to L&T...
L&T sells business division to subsidiary L&T Technology Services for Rs 800 cr
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