The board approved long-term borrowings via external commercial borrowings, term loans, non-convertible debentures, or other suitable instruments.
In another development, L&T appointed Subramanian Sarma, Whole-Time Director and President (Energy), as Deputy Managing Director and President, effective April 2, until February 2028.
Additionally, L&T’s Buildings & Factories (B&F) vertical secured an order worth between Rs 2,500 crore and Rs 5,000 crore from Brigade Group for residential and commercial projects in Hyderabad and Chennai.
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L&T Shares Target Price
According to Trendlyne data, the average target price of the stock is Rs 4,092, indicating an upside of 17% from the current market price. The consensus recommendation from 32 analysts for the stock is a ‘Buy’.Technically, the stock’s Relative Strength Index (RSI) is at 63.3. According to Trendlyne, an RSI below 30 is considered oversold, while above 70 indicates overbought conditions. Additionally, the MACD is at -34.8, which is below its center line, indicating a bearish trend.L&T shares are trading above their 5-day, 10-day, 20-day, 30-day, and 50-day simple moving averages (SMAs) but remain below the 100-day, 150-day, and 200-day SMAs.
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L&T Shares Performance
At 10:03 am, the stock was trading 2.2% higher at Rs 3,491.5 on BSE. It has declined 8% over the past six months but gained 10% in the last two weeks and 62% over the last two years. L&T’s market capitalization stands at Rs 4,80,451 crore.
(Disclaimer: Recommendations, suggestions, views, and opinions expressed by the experts are their own and do not represent the views of The Economic Times.)
