Larsen & Toubro (OTCMKTS:LTOUF) Trading 15.7% Higher – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Larsen & Toubro Stock Performance

The company has a 50 day moving average of $43.28 and a 200-day moving average of $43.40.

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.