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The consensus recommendation from 27 analysts for the stock is a buy. Out of the 27 analysts covering the stock, 19 have strong buy and buy ratings, while three have strong sell and sell ratings, and the other five have hold ratings.

Correction in the dollar index from resistance levels was one of the major reasons for the recovery in gold and silver, currency and commodity expert Anuj Gupta said. Bullion is also taking positive cues from stronger than expected business activity in China which is the largest commodity importer in the world, Gupta said.

Promoters held 65.48 per cent stake in the company as of 31-Dec-2022, while FIIs owned 22.21 per cent, DIIs 9.41 per cent.

The stock traded at a P/E multiple of 76.5, while the price-to-book value ratio stood at 7.87.

Gold and silver gained due to short coverings and profit-taking in the dollar index, Manoj Kumar Jain Prithvifinmart Commodity Research said, adding that the trend is volatile. Gold prices recovered from nine-week lows, and silver prices also recovered from four-month lows, Jain said. International gold prices crossed $1850 per troy ounce, and silver prices also crossed $21.20 per troy ounce levels, he added.

Larsen & Toubro, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 302441.39 Crore) operating in Construction sector.

DLF key Products/Revenue Segments include Property Development, Rental Income, Other Operating Revenue and Royalty Income for the year ending 31-Mar-2022.

The Nifty Pharma index was trading 0.72 per cent up at 11867.2.

Morgan Stanley maintained an overweight rating on SBI with a target price of Rs 715. The global investment bank believes that the share price will rise relative to the industry over the next 60 days.

Promoters held 35.19 per cent stake in the company as of 31-Dec-2022, while FIIs owned 27.95 per cent, DIIs 23.54 per cent.