Durability score
65 /100
Valuation score
25.8 /100
Momentum score
48.7 /100
Market Capitalizati...
188,021.0 Cr.
AVG Broker Target
1,545.6
PE TTM Price to Ear...
20.6
Larsen & Toubro Ltd.    
09 Jan 2019
1340.90
0.52%
Larsen shows weakening technicals after recent muted analyst views

Construction and engineering conglomerate Larsen & Toubro (L&T) was a strong performer last year, meeting multiple guidances and delivering on strong order growth especially domestically. However, government orders have slowed in the past few months in the buildup to elections - in part as the govenrment focuses efforts and funds in courting voter demographics rather on new infrastructure project announcements. 

Technicals have weakned as analysts have pointed out to a slowing down in new order announcements. L&T share price is currently below is 30 Day SMA (1412.39) as well as its 50 day SMA (1390.52). It is still above its 200 day SMA (1332.47). Other technicals are mid-range - basically pointing to investors and traders waiting for some good news in terms of new order announcements. The company is in 7 stock screeners

Larsen & Toubro Ltd. is trading below it's 30 day SMA of 1410.47
Larsen & Toubro Ltd.    
31 Dec 2018
1340.90
0.52%
Business Line
Engineering major Larsen & Toubro on Monday said its construction arm has bagged orders worth Rs 2,084 crore in the power transmission and distri
Larsen & Toubro Ltd.'s price crossed below SMA100 today
Larsen & Toubro Ltd.    
31 Dec 2018
1340.90
0.52%
Larsen & Toubro Ltd.    
27 Dec 2018
1340.90
0.52%
Business Line
The construction arm of infrastructure major Larsen and Toubro (L&T) has bagged orders worth nearly Rs 2,360 Crore for rural development projects,
Larsen & Toubro Ltd. is trading below it's 30 day SMA of 1410.47
Larsen & Toubro Ltd.    
27 Dec 2018
1340.90
0.52%
Larsen & Toubro Ltd.    
14 Dec 2018, 02:22PM
1340.90
0.52%
Larsen & Toubro (L&T) is seeing slowing new project announcements, prompting analyst relook

Larsen & Toubro (L&T, which is in eleven stock screeners) has had analysts taking another look at the stock as the company's new project announcements have slowed in recent months. Analysts are increasingly expecting new project announcements to come in mostly in the next financial year. Deustche Bank research has maintained its buy call on the stock but cut its price target; its buy target now stands at Rs. 1,620 per share, down from Rs. 1,650.

Upcoming central government elections may see funds diverted into farm loan waivers and big agri giveaways, with large infrastructure projects de-prioritized. These risks are the highest for L&T in the lead-up to elections. Wavering appeal for the BJP, visible in recent state elections, may also impact project outlook in the next financial year. A new set of political parties elected in the next election could result in a relatively slow-moving coalition, or a government less focused on infrastructure development. 

Analysts however remain largely optimistic on L&T's prospects, with the average broker target on Trendlyne above current price and approximately Rs. 1,530. L&T management expects revenue growth in FY19 to be better than the 16.7% YoY growth in FY18; it expects industry growth to do well into the next financil year. 

L&T's technicals are mid-range currently and the company has seen modest share price gains in one month despite stock market volatility (+3.03% increase in share price). 

Larsen & Toubro Ltd. is trading above it's 200 day SMA of 1333.54
Larsen & Toubro Ltd.    
12 Dec 2018
1340.90
0.52%
Business Line
Sajjan Jindal-led JSW Steel on Wednesday said its crude steel output grew 2 per cent to 13.90 lakh tonnes (LT) during November this year.The company h
Larsen & Toubro Ltd. is trading above it's 200 day SMA of 1333.54
Larsen & Toubro Ltd.    
12 Dec 2018
1340.90
0.52%
Motilal Oswal
Digital adoption is still at a very early stage, and majority of the clients are less than half-way through their Digital journey. While Digital capabilities are imperative, LTI also shared its differentiated proposition with which it approaches the legacy spending of clients. It is transforming the 'lights-on' services by driving end business outcomes. An example here is rethinking the role of a support engineer as a productivity engineer.
Larsen & Toubro Ltd. is trading below it's 30 day SMA of 1410.47
Larsen & Toubro Ltd.    
07 Dec 2018
1340.90
0.52%
Larsen & Toubro Ltd.    
06 Dec 2018
1340.90
0.52%
Larsen & Toubro (L&T) has been among the top stocks in QoQ EPS growth

Engineering and construction conglomerate Larsen & Toubro (L&T) has been a resilient performer in recent quarters despite market upheavals, policy changes, and uncertain global growth. The company's deep diversification across businesses has helped it weather slowdowns, as government projects and domestic growth helped it manage slow project uptake in markets like the Middle East.

This reflects in its Earnings per Share (EPS) performance. L&T despite its size is among the highest QoQ EPS growth companies, as in this stock screener. Within this list its in the top 100 stocks as far as QoQ EPS growth is concerned. 

The financial upheaval in FY18 for Middle East countries as oil prices grew erratic, as well as increased protectionism in Europe, has limited project growth for L&T in these markets, and the firm compensated for this in recent quarters via domestic growth. It remains to be seen how this will hold in coming quarters and if it can keep this up - L&T has maintained its guidance. 

Larsen & Toubro Ltd. is trading below it's 30 day SMA of 1410.47
  • Stock Price (1400.0) crossed below 30 Day SMA (1415.08) on 03 January, 2019
  • Month Change by 15.56% (Crossed threshold 15%) on 16 November, 2018
  • Stock Price (1331.10) crossed above 150 Day SMA (1312.38) on 01 November, 2018
  • Week Change by 11.18% (Crossed threshold 10%) on 01 November, 2018
  • Day Change by 5.1% (Crossed threshold 5%) on 29 October, 2018
More triggered alerts
Ex-Date Dividend Amount Dividend Type Record Date
Aug. 14, 201816.00FINAL-
Aug. 11, 201714.00FINAL-
Aug. 18, 201618.25FINAL-
Sept. 1, 201516.25FINAL-
Aug. 13, 201414.25FINAL-
All dividends by LT
Ex-Date Dividend Bonus Ratio Record Date
July 13, 20171:2July 14, 2017
July 11, 20131:2July 13, 2013
Oct. 1, 20081:1Oct. 3, 2008
Sept. 28, 20061:1Sept. 29, 2006
All bonuses by LT