Saturday, October 10, 2020

Larsen & Toubro (LT) | Price - Volume Breakout | Price Outlook

 

Larsen & Toubro (LT)

Stock/Share Price: 908


➽ In this article we will discuss recent development in the StockShare of LT in the Stock Market. A 127500 crore market cap company, giving 2 % dividend yield and trading at a PE of 22.

Recent Key Strengths

Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years

Annual Net Profits improving for last 2 years

Book Value per share Improving for last 2 years

FII / FPI or Institutions increasing their shareholding


Recent Weaknesses

Decline in Net Profit with falling Profit Margin (QoQ)

Decline in Quarterly Net Profit with falling Profit Margin (YoY)

Companies with Increasing Debt

Low Piotroski Score : Companies with weak financials

Fall in Quarterly Revenue and Net Profit (YoY)


Technical Chart 

lt share price, finvestonline.com

After the recent fall from the level of 1025 , LT stock made a low of 843 and after consolidating stock started rising in a uptrend . In the previous trading session stock has given a price - volume breakout with huge buying volume candle.

So on the recent signals long position can be made in the stock in every correction for the upside level of 1025 in the short term and 1188 in mid term . Long term trend is still not very satisfactory.


Recent Valuation Summary

lt share price, finvestonline.com

A 127500 crore market cap company, giving 2 % dividend yield and trading at a PE of 22.


Recent Annual Results

lt share price, finvestonline.com

Sales and Profit is continuous increasing for the 3 previous years.

Key Balance Sheet Summary

lt share price, finvestonline.com

Reserve is increasing for the 3 previous years.


Thanks for your Precious Time.


Finvest Online
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Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.


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