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Stock Radar: L&T breaks out from Cup & Handle pattern; stock likely to hit 4,000 levels

The L&T stock rose over 8% in a month but rallied more than 5% in the last 5 trading sessions. This helped the stock breakout from a Cup and Handle pattern on the daily chart. The breakout has opened room for the stock to head towards 4,000 levels. Traders can accumulate the stock above 3,700 levels. The neckline of the pattern was placed above Rs 3,650.

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larsen & toubro shares: Larsen & Toubro: Bearish to sideways

Larsen & Toubro’s daily trend is bearish to sideways. The RSI for weekly and daily are showing sideways momentum, however, the RSI for monthly is showing bullish momentum. Based on option chain analysis, the range is between 3300 and 3500. Let’s plan a trade around this.

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Special dividend in honour of Chairman Naik: L&T

"The Board decided to honor, with a special dividend - One for Each Magnificent Decade -in which Mr Naik transformed L&T.The Rs 6 dividend to shareholders is only a token of our affection, esteem, and, most importantly, gratitude towards A M Naik," SN Subrahmanyan said.

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L&T Q3 profit rises 5% YoY to Rs 2,467 cr on record quarterly order inflow

Read more about L&T Q3 profit rises 5% YoY to Rs 2,467 cr on record quarterly order inflow on Business Standard. The Group order inflow for the quarter ended December 31, 2020 registered a strong growth of 76 per cent over the corresponding quarter of the previous year and stood at Rs 73,233 crore

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