Stocks

L&T hits record high, may rise further

Reuters Mumbai | Updated on May 23, 2019 Published on May 23, 2019

Shares of industrial conglomerate Larsen & Toubro Ltd gained as much as 6.93 per cent to an all-time high of Rs 1, 562.4.

The stock broke above a resistance at Rs 1,484.6.

The breakout is supported by volume as the five-day average volume is about 42 per cent higher than the 30-day average volume.

The breakout suggests, in a couple of days stock may test the next resistance at Rs 1,602.45.

Published on May 23, 2019
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