Larsen shares rise 3.6% in pre-market trading in Mumbai

Larsen shares rise 3.6% in pre-market trading in Mumbai

Larsen & Toubro Limited (L&T) shares surged by 3.6% in pre-market trading on the Mumbai Stock Exchange today, July 2, 2025. The stock closed at Rs 3,200.00, marking a significant upward trend in the financial markets.

The positive momentum for L&T shares can be attributed to several key factors. Firstly, the stock has consistently outperformed its peers, with analysts upgrading their recommendations and target prices. For instance, Prabhudas Lilladher recently upgraded L&T to a "Buy" rating with a target price of Rs 3,302 [1]. Additionally, CLSA has projected a further 10% rise in L&T shares, citing the potential of a buyback to boost return on equity [1].

Technical indicators also suggest a bullish trend for L&T. The stock is currently trading above its short, medium, and long-term moving averages, indicating strong momentum. Furthermore, mutual funds have decreased their holdings in L&T, which could signal increased institutional interest [1].

L&T's recent order win from Saudi Aramco for $4 billion has also contributed to the positive sentiment. The company's market capitalization has crossed Rs 4 lakh crore, and analysts see further upside potential post this significant deal [1].

Despite the positive trends, it is essential to monitor the stock's performance and technical indicators closely. Investors should stay informed about any upcoming earnings reports or significant company announcements that could impact the stock price.

References:
[1] https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/larsentoubro/LT