Larsen & Toubro Maintains Steady Performance Amid Mixed Capital Goods Sector Results

Larsen & Toubro Ltd., a prominent player in the capital goods sector, has shown notable activity today, maintaining performance in line with the sector. The stock has experienced a consecutive gain over the last three days, rising by 0.84% during this period. It opened at Rs 3,350 and has traded at this price throughout the day.
In terms of moving averages, Larsen & Toubro's stock is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. The company holds a market capitalization of Rs 4,54,975.45 crore and has a price-to-earnings (P/E) ratio of 33.14, which is lower than the industry average P/E of 36.52.

Over the past year, Larsen & Toubro has faced a decline of 5.45%, contrasting with the Sensex's performance of 9.43%. In the short term, the stock has seen a decrease of 0.97% today, while its performance over the past month shows a modest increase of 1.51%. The capital goods sector has reported mixed results, with four out of six stocks declaring positive outcomes.