Why L&T Share Price is Falling After rallying non-stop on the | Equitymaster

Why L&T Share Price is Falling

After rallying non-stop on the back of significant and growing order-book, L&T shares have hit a roadblock. What next?

L&T Stock Falls

Here’s an extract…

In recent months, the share price of L&T was racing ahead like an F1 race car. The company touched a new 52-week high price multiple times last month.

Just ten days ago, on 2 May 2023, it again touched a 52-week high price of Rs 2,416.

However, L&T’s race car hit a bump on 11 May 2023. In just a single day, L&T's share price slipped 5% and 2% on the next day.

Let’s find out why…

http://www.eqtm.in/Ln4s3