Larsen & Toubro Ltd. Hits Intraday Low Amid Price Pressure on 1 Feb 2026

Intraday Price Movement and Market Context

On the trading day, L&T's shares opened with some strength, reaching an intraday high of Rs 4,043.15, up 2.79%. However, this positive momentum was short-lived as the stock reversed sharply to touch its low at Rs 3,759.65, representing a decline of 4.42% from the previous session's close. The day ended with a net loss of 3.06%, underperforming the Capital Goods sector, which itself declined by 2.27%, and the Sensex, which fell 1.88% to 80,722.94 points.

The broader market environment was characterised by volatility. The Sensex initially opened 119.19 points higher but reversed sharply, shedding 1,666.03 points during the session. This reversal contributed to a risk-off sentiment that weighed on heavyweight stocks including L&T. Additionally, the NIFTY FMCG index hit a new 52-week low, signalling sector-specific pressures that may have compounded market-wide caution.

Technical Indicators and Trend Analysis

From a technical perspective, L&T's share price remains above its 5-day and 200-day moving averages, indicating some underlying support at shorter and longer-term levels. However, the stock is trading below its 20-day, 50-day, and 100-day moving averages, suggesting a medium-term weakness in momentum. The recent price action marks a trend reversal after four consecutive days of gains, signalling a potential pause or correction in the recent upward trajectory.

The Sensex itself is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating a mixed technical backdrop for the broader market. This environment has likely contributed to the cautious stance among investors, reflected in L&T's intraday price pressure.

Relative Performance and Historical Context

Examining L&T's recent performance relative to the Sensex reveals a mixed picture. Over the past week, L&T has gained 1.81%, outperforming the Sensex's 1.00% decline. However, over the last month, the stock has declined 5.89%, slightly more than the Sensex's 4.67% fall. The three-month performance shows a marginal underperformance with L&T down 4.38% versus the Sensex's 4.36% decline.

Longer-term returns remain robust, with L&T delivering an 11.50% gain over the past year compared to the Sensex's 5.16%. Over three, five, and ten years, the stock has significantly outperformed the benchmark, with cumulative returns of 80.32%, 185.70%, and 418.92% respectively, compared to the Sensex's 35.67%, 74.40%, and 224.57% over the same periods.

Mojo Score and Rating Update

Larsen & Toubro Ltd. holds a Mojo Score of 71.0, reflecting a positive momentum and quality assessment. The stock's Mojo Grade was upgraded from Hold to Buy on 8 Jan 2026, indicating an improved outlook based on MarketsMOJO's proprietary evaluation. Despite today's intraday weakness, the stock maintains a strong market cap grade of 1, underscoring its status as a large-cap leader within the construction sector.

Sectoral and Market Pressures

The Capital Goods sector, to which L&T belongs, faced a broad-based decline of 2.27% during the session. This sectoral weakness, combined with the sharp reversal in the Sensex, contributed to the selling pressure on L&T shares. The stock's underperformance relative to the sector by 0.79% highlights the heightened sensitivity of L&T to the day's negative market sentiment.

Market participants appeared cautious amid the sharp index reversal, which may have triggered profit-taking after the stock's four-day rally. The intraday volatility, with a swing from a 2.79% high to a 4.42% low, reflects the unsettled trading conditions and the stock's vulnerability to broader market fluctuations.

Summary of Intraday Price Pressure

In summary, Larsen & Toubro Ltd.'s intraday low of Rs 3,759.65 on 1 Feb 2026 reflects a combination of sectoral weakness, a sharp market reversal, and technical resistance at key moving averages. The stock's decline of 3.06% on the day outpaced the Sensex's 1.88% fall, signalling a relatively higher sensitivity to the day's negative market dynamics.

While the stock remains above its 200-day moving average, the break below shorter-term averages and the reversal after a four-day gain suggest a cautious near-term outlook. The broader Capital Goods sector's decline and the Sensex's sharp fall contributed to the selling pressure, with L&T's share price exhibiting notable intraday volatility.

Investors monitoring the stock should note the mixed technical signals and the prevailing market environment characterised by heightened volatility and sectoral pressures.

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