Stocks News

Larsen & Turbo scrip climbs at 2% before Q3 results

The share price of Larsen & Turbo or L&T peaked at 2 percent in the early morning trade session of January 25, 2021.

Point to be noticed is that, Larsen & Turbo haven’t released its Q3 results yet. The December quarter numbers are yet to be declared by the company later today.

Many experts see a profit decline by 28 percent whereas a 4 percent revenue growth is expected in the revenue on year-on-year basis.

There is an expectation for the inflow of Rs 62,000 crores regarding Q3 FY21. However, this inflow is expected to be the result driven by infrastructure.

The share price reached at Rs 1,395 crores, hitting its 52-weeks high which is a good indication. This scrip hit this price on January 21,2021. Further, on its week-low, the Larsen & Turbo scrip touched at Rs 661.05 on March 25,2020.

Currently, the L&T stocks are trading at 1.1 percent, which is below its 52-week high or is at a lower level of its 52-week high, weekly benchmark target.

However, on the other hand the scrip is trading above its 52-week low by 108.71 percent. Further, Larsen & Turbo have reported Rs 1,382.55 above Rs 20.45 or 1.50 percent on the BSE index this morning at 09:30 hrs.


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