Analyst bullish on this stock, touched an all-time high today, can you bet?

New Delhi. The Indian stock market is trading in the green today. Sensex touched intraday level of 74190 today. Similarly, Nifty 50 also reached 22516 points. In this bullish market today, share price of Larsen & Toubro was also trading at Rs 3760 at 3:25 pm. Today the share touched its all-time high of Rs 3813.35 during the intra-day. On daily chart, Larsen & Toubro stock gave a trendline breakout in March 21 trading session. After that there was no looking back for this stock.

Strong buying with large volume indicates that the stock may be higher. Market experts also have a positive outlook on shares of Larsen & Toubro. According to Trendline, 28 analysts recommend buying this stock. These analysts are recommending to buy this stock from the Rs 3500 level and have a target price of Rs 3900.

Also Read: This Rs 3 share hits 40, 1948 state-owned company shows no signs of stopping, 4x profit ahead.

The hike lasts for six sessions.
Shares of Larsen & Toubro have continued their upward trend for the past six trading sessions and have moved from Rs 3,500 to Rs 3,813.35 in just 6 trading sessions. The stock has gained nearly nine percent in the past one month. The stock has given investors 24% return in six months. Along with this, the share price of Larsen & Toubro has increased by 75% in the last one year.

As many orders were received, the stock increased.
Larsen & Toubro has received several orders ranging from Rs 2,500 crore to Rs 5,000 crore in recent times. The shares of the company have increased only after these orders. L&T Construction’s building and factory has received these orders, the company said today on March 27. According to L&T’s classification, orders between Rs 2,500 crore and Rs 5,000 crore are called ‘large’ orders.

Also Read – Dropped out of education, worked as a factory worker, know how this man faced every challenge and became the owner of 12 thousand crore rupees.

L&T to build 165-bed Al Naima General Hospital in Oman The company has received this order from the Ministry of Health of the Sultanate of Oman. This includes exterior development including civil structures, MEP services, medical equipment, finishes and landscaping. While in India, the company will build an access corridor to the Ma Kamakhya temple in Assam. The company disclosed this in its stock exchange filing. In addition, L&T Construction also received an order from a subsidiary of a leading paint manufacturing company to set up a polymer manufacturing plant in Gujarat.

(Disclaimer: The stock mentioned here is based on the advice of the brokerage houses. If you want to invest in any of them, consult a certified investment advisor first. News 18 of any profit or loss you make. will not be responsible).

Tags: BSE Sensex, Money making tips, Stock market