Larsen & Toubro share: The stock market is currently so dominated by selling that, despite the fact that many well-known stocks are at the old price as they were three years ago, no investor is considering buying them at this time. It would be like catching a “falling knife” to intend to purchase the well-known Nifty 50 equities at lower prices given their ongoing downward trajectory. Let’s learn about the Larsen & Toubro share, which seems to be having a lot of potential for its investors.
Overview of Larsen & Toubro
A multinational corporation based in India, Larsen & Toubro is involved in large projects of EPC, hi-tech manufacturing, and services. It has operations in more than 50 nations. For more than 80 years, L&T has been able to achieve and maintain leadership in its main business sectors because of a strong, customer-focused strategy and a never-ending pursuit of superior quality.
The company works in important, high-impact economic sectors, and they have comprehensive skills that cover the whole “design to delivery” spectrum. High corporate governance standards and professionalism define every facet of L&T’s operations. Their long-term growth plan incorporates sustainability.
Larsen & Toubro Share News
Investors are closely monitoring the Larsen and Toubro shares. Larsen & Toubro, a major stock in the Nifty 50, has been losing ground over the past 12 weeks. The Nifty index has dropped by 14% over the past six months, which is equivalent to the decrease during the previous five months. It is possible for this stock to gain when the market recovers.
Moreover, according to Larsen & Toubro, the composite plan of L&T Offshore and L&T Energy Hydrocarbon Engineering merging with Larsen & Toubro went into effect on March 1, 2025. Consequently, as of March 1, 2025, L&T Offshore and L&T Energy Hydrocarbon Engineering are no longer associated with the corporation.
Larsen & Toubro Share Chart Analysis
L&T is quite poor on the chart following a prolonged slump, much like the benchmark indexes Sensex and Nifty. As of now, the stock has dropped from its 52-week peak of Rs. 3,963.50 by 12%. During its 12-week losing trend, L&T has also breached its key Rs. 3290 supports. On the weekly chart, this was the three times the bottom level; it has since broken lower. As a result, the stock can continue to decline and reach its next support level. Based on the way the chart’s support levels are breaking, it appears that the Larsen & Toubro share may shortly reach the next support level of Rs 3000. No response can be observed to date after this.
Final Verdict
Although the L&T stock’s technical chart shows weakness, its fundamentals are still solid. The primary cause of the chart’s weakness is the fact that FII selling has also affected this stock. The FII’s stake in Larsen & Toubro share, which was 25.5% in December 2023, has decreased to 20.8% in just one year. Due to their acquisition of L&T each fall, the DII’s interest in it has grown to 42%.
For additional information, visit the Angelone app, which allows you to start investing right away and set up your Demat account with only one swipe.
Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI-registered advisor before investing anywhere.