Larsen & Toubro (OTCMKTS:LTOUF) Stock Price Up 15.7% – Time to Buy?

Larsen & Toubro Limited (OTCMKTS:LTOUF)’s stock price traded up 15.7% on Friday . The company traded as high as $34.52 and last traded at $34.52. 189 shares were traded during trading, a decline of 51% from the average session volume of 384 shares. The stock had previously closed at $29.84.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Larsen & Toubro to a “buy” rating in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Larsen & Toubro Price Performance

The business’s fifty day moving average price is $43.28 and its 200-day moving average price is $43.39.

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.