Well, the present crisis may impact the order book for this stock as per the available stock reports which state that Larsen & Toubro (L&T) is likely to miss its FY21 order inflow guidance reflecting the economic slowdown.
However, we are likely to see it aggressively coming back as the company had won orders worth ₹1,76,834 crore at the group level during the year ended March 31, 2019, registering a growth of 16% over the previous year.
Recently as on 13 Apr 20 "The Water & Effluent Treatment Business of L&T Construction has secured three Engineering Procurement Construction (EPC) Water Management orders from the Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC)," the company said in a statement.
Thus we are undertaking a technical check for the stock which is showing an approximate horizontal trend channel in the medium to long term and now is slowly ascending upwards. However, the price has broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock has support at Rs 700 and resistance at Rs 1280.
All with a long term perspective of at least 2 years holding period must buy this stock as it can give fantastic returns if held for minimum two years time perspective. Check the screenshot related to the stock below.
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However, we are likely to see it aggressively coming back as the company had won orders worth ₹1,76,834 crore at the group level during the year ended March 31, 2019, registering a growth of 16% over the previous year.
Recently as on 13 Apr 20 "The Water & Effluent Treatment Business of L&T Construction has secured three Engineering Procurement Construction (EPC) Water Management orders from the Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC)," the company said in a statement.
Thus we are undertaking a technical check for the stock which is showing an approximate horizontal trend channel in the medium to long term and now is slowly ascending upwards. However, the price has broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock has support at Rs 700 and resistance at Rs 1280.
All with a long term perspective of at least 2 years holding period must buy this stock as it can give fantastic returns if held for minimum two years time perspective. Check the screenshot related to the stock below.
You can make extra money for your family with honest means using tips on Indian shares and you are all set to start a new stream of income and all those with a short holding perspective can check the short term stocks to buy here.
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