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The stock quoted a 52-week high price of Rs 4606.0 and a 52-week low of Rs 3185.1.

The brokerage estimates an RoA/RoE of 1.1%/17.5% for FY25.

As of 31-Dec-2022, promoters held 51.37 per cent stake in the company, while FIIs held 17.96 per cent and domestic institutional investors had 19.2 per cent.

The gold price rise comes amid weakness in the US dollar and softening of US treasury yields. Analysts say investors are seeking refuge in the safe haven metal amid concerns over a global economic slowdown.

Larsen & Toubro, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 315159.93 Crore) operating in Construction sector.

A total of 7,723 shares changed hands on the counter till 11:49AM (IST)

On the technical charts, the 200-day moving average of the stock stood at Rs 143.99.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. >> For more such web stories click on the ET icon below.

Global brokerage houses such as CLSA maintained a Buy rating on M&M, while Motilal Oswal has a Buy call on Tata Consumer, and Morgan Stanley raised the target price for Axis bank post Q3 results.

In the December quarter, FIIs increased their shareholding from 6.5% to 11% sequentially while mutual funds have also doubled their investment to own 4% stake in FSN E-Commerce Ventures, which runs Nykaa. Last month alone, mutual funds are estimated to have bought Nykaa shares worth over 400 crore, according to PRIME Database.