Larsen & Toubro (OTCMKTS:LTOUF) Stock Price Down 5.8% – Here’s Why

by · The Markets Daily

Larsen & Toubro Limited (OTCMKTS:LTOUF – Get Free Report)’s share price traded down 5.8% during mid-day trading on Monday. The stock traded as low as $39.50 and last traded at $39.50. Approximately 200 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 519 shares. The stock had previously closed at $41.95.

Larsen & Toubro Stock Performance

The stock’s 50-day moving average is $41.07 and its 200-day moving average is $41.10.

Larsen & Toubro Company Profile

(Get Free Report)

Larsen & Toubro Limited (OTCMKTS:LTOUF) is an Indian technology, engineering, construction and manufacturing company. Founded in 1938 by Danish engineers Henning Holck-Larsen and Søren Kristian Toubro, the company has grown into a diversified enterprise serving infrastructure, industrial and technology markets.

L&T’s core activities include engineering, procurement and construction services for transportation, buildings, water, power transmission, heavy civil infrastructure and other major projects.

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