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Technical Report on Larsen & Toubro Ltd by Shyam Advisory

November 8, 2021

Larsen & Toubro Ltd is a multinational conglomerate which is primarily engaged
in providing engineering, procurement and construction (EPC) solutions in key
sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and
Defence, Information Technology and Financial Services in domestic and
international markets.


Technical View: The given chart of Larsen & Toubro recently had a breakout and
made a 12 years high, RSI is in to buying zone, RSI divergence clearly indicate
buying signal, Recent crossover in MACD supporting positive signal.
Volume analysis:- Delivery Volume is at 38 % till date, Quantity traded 7,64,191,
One month averaged delivery volume fell by 8.68% and one day delivery volume
increased by 294.19% over 5 day average Which indicating positive trend may
continue ; Hence; we recommend “BUY’ signal @ 1900 upside target 1950 and
1970, Stop loss 1860.
Shareholding
pattern:-


Date:8/11/2021
Key Statistics
P/E Ratio
66.97
1-Yr Return
69.69
(Best) P/E Ratio
0.00
30 DA Vol (m)
0.13
(Best) PEG Ratio
6.21
EPS (Rs.)
23.82
Shares Outstanding (cr)
1,404.35
Best EPS Curr (Rs.)
68.36
Price/Book Ratio
2.95
Dividend
1.13
Price/Sales Ratio
1.67
Last Dividend
0.00