L&T Finance Faces Market Pressures Amid Consecutive Losses and Technical Bearish Trends

Jan 13 2025 10:00 AM IST
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L&T Finance is currently facing significant challenges, with its stock trading near a 52-week low and experiencing consecutive losses over the past three days. The company has underperformed its sector and is trading below key moving averages, reflecting a bearish trend amid recent market pressures.
L&T Finance, a key player in the finance and non-banking financial company (NBFC) sector, has faced notable challenges today, with a decline of 3.05% on January 13, 2025. The stock is trading near its 52-week low, just 0.52% above Rs 134.1, and has underperformed its sector by 2.29%.

Over the past three days, L&T Finance has experienced consecutive losses, totaling a decline of 6.13%. The trading session began with a gap down of 2.4%, reaching an intraday low of Rs 134.55, reflecting a drop of 3.48%.

From a technical perspective, L&T Finance is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In the last month, the stock has decreased by 7.98%, while the benchmark Sensex has seen a decline of 6.59%. These metrics highlight a challenging environment for L&T Finance as it navigates through recent market pressures.
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