L&T Technology Services Faces Significant Underperformance Amid Broader Market Decline

L&T Technology Services has experienced a notable decline of 3.25% on March 12, 2025, underperforming the IT - Software sector, which fell by 2.59%. The stock reached an intraday low of Rs 4505, reflecting a drop of 3.57%. Currently, L&T Technology Services is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.
In the broader market, the Sensex opened positively but reversed sharply, falling by 388.55 points to trade at 73,882.26, a decrease of 0.3%. The index is now close to its 52-week low, sitting 4.94% above the low of 70,234.43. The Sensex is also trading below its 50-day moving average, which is positioned below the 200-day moving average, further emphasizing the bearish sentiment in the market.

Over various time frames, L&T Technology Services has shown significant underperformance compared to the Sensex, with a 1-day decline of 3.19%, a 1-week drop of 5.12%, and a 1-month decrease of 11.42%. Year-to-date, the stock is down 4.54%, while its 3-year performance shows a decline of 8.43%, contrasting sharply with the Sensex's growth of 33.00% during the same period.