Friday, April 21, 2023

Rationale report – 21.04.2023


(1)         LARSEN -

Ø Buy price : 2208

Ø Strong Support : 2174

Ø Resistance price : 2227 – 2234 - 2240

Reasons for Buy Recommended –

Larsen & Toubro (L&T) has a longstanding reputation as a robust player in India's infrastructure and engineering sectors, making it a focal point for long-term investors

L&T is aligning its long-term growth strategy with emerging sectors, focusing on renewable energy, technology, and infrastructure. This diversification positions the company to capitalize on new opportunities in green energy and high-tech industries, driving sustainable growth.

while fundamental targets suggest a positive outlook for L&T, technical indicators advise buy.

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