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LARSEN & TOUBRO LTD.LARSEN & TOUBRO LTD.LARSEN & TOUBRO LTD.

LARSEN & TOUBRO LTD.

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LT trade ideas

Nifty outlook 17th Oct 2023Closing Range - 19616/19845 Extended range - 19533/19928 Low volumes, Bearish Harami candlestick pattern and unwinding of 1.4 Cr puts, all indicuate that Nifty will go lower from present levels. The only saving grace is a 4% jump in Indiavix indicating a restricted down side, which is expcted will about 19700. That said, nifty has formed a small uptrending channel and risk reward seems in favour of bulls. HFDC bank results are also good, if it provides leadership to Bank Nifty, Nifty cn can also move upwards. Oveall, it appears to be an uptrending or a sideways market. Possible trade: Observe price action on HDFC Bank tomorow and accordingly take trade in Nifty keeping the 2 day ranges in mind mentioned above. P.S. - 0.5%-1% return on capital can be considered good in intraday.
NSE:LT
by abhishekmittal1
L&T turns ex-date for buyback; zooms 4% L&T turns ex-date for buyback; zooms 4% on raising buyback price to Rs 3200 The company has revised the buyback price upwards from Rs 3,000 per share to Rs 3,200 per share Shares of Larsen & Toubro (L&T) rallied 4 per cent on the BSE to scale a fresh high of Rs 2,998 in Tuesday’s intra-day trade after the company revised its buyback price upwards from Rs 3,000 to Rs 3,200 per share. At the same time, maximum no of shares to be bought back has been reduced to about 31.2 million shares from about 33.3 million shares earlier. The revised buyback represents 2.22 per cent of the paid up equity share capital of the company.
NSE:LT
by chetnaparmar833