Larsen & Toubro (OTCMKTS:LTOUF) Trading Up 1% – Here’s What Happened

Larsen & Toubro Limited (OTCMKTS:LTOUF) rose 1% during trading on Thursday . The stock traded as high as $48.00 and last traded at $48.00. Approximately 161 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 265 shares. The stock had previously closed at $47.54.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Larsen & Toubro to a “buy” rating in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Larsen & Toubro Trading Up 1.0%

The firm’s fifty day simple moving average is $44.71 and its 200 day simple moving average is $43.31.

About Larsen & Toubro

Larsen & Toubro (OTCMKTS:LTOUF) is a diversified Indian conglomerate with roots dating back to 1938, when Danish engineers Henning Holck-Larsen and Soren Kristian Toubro established a partnership in Mumbai to represent Danish dairy equipment manufacturers. Over the decades, the company evolved into a leading engineering and construction powerhouse, gradually expanding its portfolio to include a wide range of industrial and infrastructure projects across multiple sectors.

The company’s core activities encompass engineering, procurement and construction (EPC) services for infrastructure projects such as roads, airports, metro rail systems and water treatment facilities.