Larsen & Toubro share price falls 1.12% to ₹3,807.70 on September 16

Key Takeaways

• Larsen & Toubro declined ₹43 or 1.12% to ₹3,807.70, ending just ₹7.70 above its intraday low.
• The closing price remained below all three moving averages, with the nearest, the 200-day DMA, still ₹128 higher.
• Six-month and one-year returns stayed positive at 10.72% and 6.18%, despite negative one-month and three-month figures.

Larsen & Toubro share price closed September 16 at ₹3,807.70, down ₹43 or 1.12%. The previous close was ₹3,851. L&T opened at ₹3,844, reached ₹3,868 and then declined to ₹3,800. The stock finished only ₹7.70 above its session low.

The high-low range measured ₹68. From the opening price to the close, Larsen & Toubro lost ₹36.30. It ended ₹60.30 below the day's high. Volume reached 2,193,847 shares, while market capitalisation stood at ₹5,35,710 crore.

All three moving averages remained higher than the final price. The 200-day DMA was the closest at ₹3,935.70, leaving a ₹128 gap. The 100-day DMA stood at ₹3,979.90, a difference of ₹172.20. L&T's 50-day DMA was ₹3,988.20, which was ₹180.50 above the September 16 close.

Across 52 weeks, Larsen & Toubro had moved between ₹3,288 and ₹4,440. At ₹3,807.70, the share was ₹519.70 above the annual low and ₹632.30 below the high. The full-year price band measured ₹1,152. The session peak of ₹3,868 remained ₹572 beneath the upper endpoint.

Return readings were negative over the shorter periods but positive further out. One month stood at -6.14%, while three months was -8.68%. Six months moved to 10.72%, and the one-year return was 6.18%. The difference between the three-month and six-month figures reached 19.40 percentage points.

September 16 itself ended with the share near its daily low and below each displayed moving average. Its six-month and one-year returns remained positive, however, making the latest daily decline only one part of a more varied set of historical numbers. The closing price also sat somewhat nearer the annual low than the high, although more than ₹500 separated it from either end.