Larsen & Toubro Shows Steady Performance Amid Mixed Short-Term Outlook in Capital Goods Sector

Larsen & Toubro, a prominent player in the construction industry, has shown notable activity today, maintaining performance in line with its sector. The stock has experienced a consecutive gain over the last two days, rising by 0.73% during this period. It opened at Rs 3,592 and has traded at this price throughout the day.
In terms of moving averages, Larsen & Toubro's stock is currently above the 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average. The company's market capitalization stands at Rs 4,90,789.68 crore, categorizing it as a large-cap stock. The price-to-earnings (P/E) ratio is reported at 33.64, which is lower than the industry average P/E of 38.86.

Over the past year, Larsen & Toubro has delivered a performance of 3.14%, contrasting with the Sensex's 9.32%. In the broader capital goods sector, 35 stocks have declared results, with 23 showing positive outcomes. The company's performance metrics indicate a mixed short-term outlook, while long-term results remain robust, with a 121.65% increase over three years and a remarkable 337.36% rise over five years.