L&T share price outlook: L&T is trading below the 20-MMA, and now testing support at 100-WMA. Chart also shows formation of 'Death Cross'; trade below this key moving average can trigger a fresh fall.
The rise in L&T share price followed the company's announcement of a 'significant' order win, along with growing anticipation surrounding its upcoming Q3 results
Larsen & Toubro share: Brokerage see strong order inflows and better execution driving Larsen & Toubro's third quarter revenues and profits higher
L&T, Grasim, UltraTech raise funds via 10-year bonds
In 2017, L&T had won the contract for the first batch of 100 K9 Vajra-T platforms through global competitive bidding and after successful field evaluation
The rise in L&T share price came after the company reported a healthy set of September quarter numbers on October 30, 2024
L&T DES will implement these Energy Management Systems across Andhra Pradesh, Kerala, Puducherry, Tamil Nadu, and Telangana
Plans land acquisition, seeks to add 25-30 million SQFT per year to portfolio
Under the collab, both IBM and L&T Semiconductor Technologies anticipate focusing on innovation, functionality, and performance to enable reliable, secure, and scalable computing for range of apps
This is not the first time that the company is going public with the challenges on manpower. Subrahmanyan had last year also said that it is facing challenges despite wanting to hire over 30K labour
Engineering and construction conglomerate Larsen & Toubro (L&T) on Friday said its buildings and factories business vertical has bagged multiple orders. The company has bagged a project from the Institute of Neurosciences Kolkata, for constructing a medical college and hospital campus in Kolkata on a design and build mode. This involves a 605-bed hospital and a medical college. The project is to be executed in two phases over a period of 60 months. The scope of work includes civil structure and external development works. L&T's Buildings and factories business has also received several add-on orders. Larsen & Toubro is a 27 billion dollar Indian multinational enterprise engaged in Engineering, Procurement, and Construction (EPC) projects, hi-tech manufacturing and services operating across multiple geographies.
I was just expecting her to say we will continue to keep focus on infra, he says
In a regulatory filing, L&T said that the project will be developed to handle 6 million passengers per annum initially
A M Naik stepped down as the chairman of L&T Group on Saturday. He handed over the reins of the USD 23 billion conglomerate to S N Subrahmanyan at an event in Mumbai. Naik, 81, will now be the chairman of the employees trust. He will focus on increasing many philanthropic initiatives that he has been undertaking for the past few years, according to a statement. India Post unveiled a postage stamp on Naik on the occasion. Naik's attention going forward will be on his philanthropic initiatives, including the Naik Charitable Trust which focuses on education and skill-building of the underprivileged, and the Nirali Memorial Medical Trust dedicated to facilitating super speciality healthcare at subsidised cost. Naik joined the company in 1965 as a junior engineer and went on to become its Group Chairman. In the nearly three decades in leadership roles, Naik helped the company grow to its present size and stature, the statement said.
Shares related to Chandrayaan-3 may rise up to 15 per cent in the upcoming sessions, as per their respective technical chart patterns
Thyssenkrupp AG's marine arm and Mazagon Dock Shipbuilders Limited are likely to jointly bid for an approximate $5.2 billion project to build six submarines for the Indian navy
CLOSING BELL: Bajaj Finance, Asian Paints, IndusInd Bank, ICICI Bank, Nestle India, HUL, Reliance Industries, HDFC Bank, Axis Bank, and SBI were the top laggards on the Sensex index
The objective is to reduce the Rs 18,000-crore debt on the books of these firms, said D K Sen, whole-time director and senior executive vice-president (development projects), L&T
Analysts expect a 12-15 per cent upside from current levels
Inflation remains a key risk for margins amid geopolitical tensions. But, analysts expect this to improve from the second half of FY23 due to declining commodity prices and strong order inflows