L&T Share Price Update: Current Trading at ₹3,667.00 with Key Resistance and Support Levels
the shares of Larsen & Toubro (L&T) are experiencing notable fluctuations in the stock market. The latest trading data indicates that L&T’s share price has moved down by 0.65%, settling at ₹3,651.50 after a previous close of ₹3,675.50. This decline reflects a broader trend observed over the past month, where the stock has decreased by 3.48% and by 1.96% over the last three months.
Main Points
- 1 Current L&T Share PriceAction
- 2 Historical Performance
- 3 L&T Share Price Market Capitalization and Ratios
- 4 L&T Share Price Recent Orders and Revenue Growth
- 5 L&T Share Price Technical Analysis
- 6 L&T Share Price Resistance and Support Levels
- 7 Trading Volume and Market Activity
- 8 L&T Share Price Investor Sentiment
- 9 Summary of Key Metrics
As of today, L&T shares opened at ₹3,667.00 and have fluctuated between a low of ₹3,639 and a high of ₹3,724 during trading hours. The stock is currently trading near its daily pivot level of ₹3,669.92, with key resistance levels identified at R1: ₹3,699.83, R2: ₹3,753.92, and R3: ₹3,783.83. On the support side, critical levels include S1: ₹3,615.83, S2: ₹3,585.92, and S3: ₹3,531.83.
Historical Performance
Over the past year, L&T shares have seen significant volatility. The stock reached a 52-week high of ₹3,948.60 and a low of ₹2,856.85. This range highlights the stock’s potential for both growth and risk within the current market conditions.
L&T’s current market capitalization stands at approximately ₹516,823.07 Crores, positioning it as a large-cap company within the construction and engineering sector. The Price-to-Earnings (P/E) ratio is reported at 39.58, while the Price-to-Book (PB) ratio is noted as 5.98. These ratios suggest that while L&T is considered to be on the higher end in terms of valuation compared to its earnings and book value, it remains a key player in its industry.
In recent developments, L&T has secured new orders worth approximately ₹70,936 Crores, reflecting an impressive year-on-year growth of 8% in new orders. This positive trend in securing contracts indicates strong operational performance amid fluctuating stock prices.
From a technical analysis perspective, L&T shares are currently trading close to their key moving averages. The 5-day Simple Moving Average (SMA) is at ₹3,712.62, while the Exponential Moving Average (EMA) stands at ₹3,723.04. Investors often look to these indicators to gauge potential price movements.
| Level | Price (₹) |
|---|---|
| R1 | 3,699.83 |
| R2 | 3,753.92 |
| R3 | 3,783.83 |
| S1 | 3,615.83 |
| S2 | 3,585.92 |
| S3 | 3,531.83 |
Trading Volume and Market Activity
Today’s trading volume has reached approximately 1,674,100 shares, reflecting active market participation. Analysts suggest that maintaining above key support levels will be crucial for any upward momentum in share prices.
Investor sentiment around L&T remains cautiously optimistic despite recent price declines. Analysts recommend monitoring upcoming earnings reports and macroeconomic factors that could influence infrastructure spending in India.
Summary of Key Metrics
- Current Share Price: ₹3,651.50
- 52-Week High: ₹3,948.60
- 52-Week Low: ₹2,856.85
- Market Cap: ₹516823 Crores
- P/E Ratio: 39.58
- PB Ratio: 5.98
- Volume Today: 1,674,100 shares
As investors navigate through today’s trading session for L&T shares, keeping an eye on these metrics will be essential for making informed decisions. Meta Description: Discover the latest updates on L&T shares including current price action performance and expected targets for October 2024.
