L&T Finance Sees Surge in Trading Volume Amid Strong Market Performance
L&T Finance Ltd has become highly active in the equity market, with over 21 million shares traded and a significant increase in delivery volume. The stock reached a new 52-week high and is trading above key moving averages, reflecting strong investor interest and robust liquidity in the financial sector.
L&T Finance Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has emerged as one of the most active equities today, with a total traded volume of 21,425,553 shares and a total traded value of approximately Rs 44,822.26 lakhs. The stock opened at Rs 201.90 and reached a new 52-week high of Rs 212.85, reflecting a notable intraday gain of 4.77%. Currently, L&T Finance is trading at Rs 210.30, marking a 3.32% increase for the day, significantly outperforming its sector, which recorded a 1D return of 0.66%. The stock has shown consistent performance, gaining for the last two days and achieving a total return of 5% during this period.
Additionally, L&T Finance is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The delivery volume has also seen a remarkable increase, rising by 284.22% against the 5-day average, suggesting heightened investor participation. With a market capitalization of Rs 52,426.96 crore, L&T Finance continues to demonstrate robust liquidity, making it a significant entity in the financial market landscape. Overall, the stock's performance today underscores its strong market position and active trading dynamics.
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