L&T stock price rises after the successful launch of Chandrayaan-3

L&T stock price rises after the successful launch of Chandrayaan-3
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L&T stock price rises cause the industry of Larsen & Toubro (L&T) is construction and engineering. Larsen & Toubro (L&T), an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, has been associated with India’s Space Program for over five decades. L&T is playing a critical role in the launch of LVM3 M4 Chandrayaan Mission. In a hallmark achievement L&T has been involved in this mission starting from manufacturing of subsystems till mission tracking.

Larsen & Toubro Limited, incorporated in the year 1946 in construction sector, L&T stock is a Large Cap company with a market cap of Rs 347,470.33 crore. It operates in more than 50 countries round the world.  A strong, customer-centric strategy and relentless pursuit of top-class fine has enabled L&T to reap and keep management in its core commercial enterprise areas for over eight decades.

L&T’s association with ISRO successful launch of Chandrayaan-3

Association with ISRO to play a bigger role in Space Programmes of the future.” The space hardware was produced at L&T’s hi-tech Aerospace Manufacturing Facility fulfilling the stringent quality and timeline requirements for India’s third Moon mission. All these subsystems have been delivered ahead of schedule.

Mr. AT Ramchandani, Executive Vice President and Head, L&T Defense said, “We are privileged to partner with ISRO in nationally important space Programmes for which L&T has  contributed its remarkable engineering prowess, manufacturing expertise and skilled workforce. L&T, as a long-term trusted partner of ISRO, has been involved in the production of a range of hardware for every mission of ISRO, including the acclaimed Chandrayaan-1 and 2, Gaganyaan and Mangalyaan missions.

L&T’s contribution in successful launch of Chandrayaan-3

The vital booster sections specifically head end section, center part and nozzle bucket flange of 3.2 m diameter under Chandrayaan 3 have been fabricated and pressure examined at L&T’s facility at Powai. Other contributions to the mission encompass making sure the grant of floor and flight umbilical plates manufactured from L&T’s hi-tech aerospace manufacturing facility at Coimbatore.

 L&T is additionally playing a key function in the structures integration of the launch automobile for the Indian area programmed. The Precision Monopulse Tracking Radar (PMTR) constructed through L&T at the Satish Dhawan Space Center in Sriharikota has been used for fast acquisition and monitoring of launch vehicles.   L&T has additionally commissioned the Deep Space Networking antenna required for exploratory missions at Byalu.

Effect on the performance of L&T stock after the successful launch of Chandrayaan-3

The L&T stock opened at ₹2,450.25 on Friday 14th July 2023 and closed at ₹2,450.15 at the previous trading end. Today at 2.35 pm after the successful launch of Chandrayaan-3, the L&T stock has seen a jump of 1%, that is, the stock price has increased from ₹ 2,450.25 to ₹ 2,477.04 in closing session.

Buy or sell the stock : Larsen & Toubro Ltd. Stock

After the successful launch of Chandrayaan 3, a huge jump can be seen in the stock price of L&T stock in the coming few weeks. A 5 day moving crossover has been observed on last Friday. The average price within 7 days of this signal showed an increase of 2.68% over the past 5 years.

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Larsen & Toubro Ltd. Stock Fundamental Analysis

L&T stock For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 59,076.06 Crore, up 25.31% from last quarter Total Income of Rs 47,144.75 Crore and up 10.70% from last year same quarter Total Income of Rs 53,366.26 Crore . Company has reported net profit after tax of Rs 4,446.74 Crore in latest quarter. Stock is trading at 3.89 times its book value · The company has delivered a poor sales growth of 8.90% over past five years. LTTS’ customer base includes 69 Fortune 500 companies and 53 of the world’s top ER&D companies. The business also provides digital engineering advisory services.

Is Chandrayaan-3 launched in India?

Yes, Chandrayaan-3 launched from Satish Dhawan Space Centre in Sriharikota at 2.35 PM IST on Thursday, July 14,2023.

When Chandrayaan-3 will reach moon?

Soft landing of Chandrayaan 3 planned at 5.47 pm on August 23, said ISRO chief.

Which company made Chandrayaan-3?

Larsen and Toubro (L&T) has been associated with India’s Space Program for over five decades.

Buy or sell Larsen & Toubro Ltd. Stock 2023?

After the successful launch of Chandrayaan 3, a huge jump can be seen in the stock price of L&T stock in the coming few weeks.

Disclaimer

The Estimates data displayed by Moneyvii.com is not a recommendation to buy or sell any securities. Estimates data is a third party aggregated data provided by S&P Global Market Intelligence LLC for informational purposes only. The Company advises the users to check with duly registered and qualified advisors before taking any investment decision. The Company does not guarantee the accuracy, adequacy or completeness of any information/data and is not responsible for any errors or omissions or for the results obtained from the use of such information/data. The Company or anyone involved with the Company will not accept any liability for loss or damage as a result of reliance on the Estimates data. The Company does not subscribe or endorse any of the services and/or content offered by such third party.

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