back to top
HomeSTOCKSCompany Jointly Developed Tank For Army; Share Target Price ₹4000; Don't Sell

Company Jointly Developed Tank For Army; Share Target Price ₹4000; Don’t Sell

Defense Stock: The nation’s army will be getting a brand new cannon that was made in India shortly. DRDO (Defence Research and Development Organisation) along with L&T (Larsen & Toubro Ltd) have built together the tank.

The tank is named “Joravaar”. This is the first time it is being shown before everyone.

This new gun will aid the army in combatting Chinese in the eastern region of Ladakh soldiers. We’ll tell you that the tank was constructed with the needs of the army.

What Is The Specialty That This Tank Has?

It is lighter than the heavy-duty tank T-72 as well as the T-10. It can easily climb mountains. 

It can also cross ponds or rivers with ease. This tank can be easily transported from one location to another via plane.

Its total weight is 25 tonnes. Which is half as compared to T-90. We’ll tell you that the Director of DRDO the tank could be transferred to the army in 2027 following all the tests. Currently, the Indian Army has ordered 59 Zorawar tanks.

In the same way, Larsen & Toubro Ltd Executive Vice President Arun Ramchandani said that this joint model has seen remarkable success in a very short amount of time. 

Let us tell you, this tank is named after Dogra General Zorawar Singh. In the 19th century, Zorawar Singh led the Indian Army in Ladakh and Western Tibet.

How Are The Shares Of Larsen And Toubro Performing?

On Friday, the company’s shares closed at Rs 3628.45 with a gain of 1.52 percent on the BSE. Over the past year, shares of this firm have seen an increase of 46%.

In the last six months, this stock was able to earn just three percent.

Larsen & Toubro Ltd Stock Performance

Current Price₹ 3,627
52-wk High₹ 3,949
52-wk Low₹ 2,420
5 Days Return2.51%
1 Month Return2.51%

Key Fundamentals Parameters

Market Cap₹ 4,98,678 Cr.
Stock P/E38.7
Book Value₹ 628
Dividend0.77 %
ROCE13.4 %
ROE14.7 %
Face Value₹ 2.00
P/B Value5.77
OPM13.5 %
EPS₹ 95.0
Debt₹ 1,16,322 Cr.
Debt to Equity1.35

Larsen & Toubro Ltd Shareholding Pattern

FII Holding
Mar 202324.48%
Jun 202325.29%
Sep 202325.72%
Dec 202325.50%
Mar 202424.36%
DII Holding
Mar 202338.64%
Jun 202338.01%
Sep 202337.16%
Dec 202337.34%
Mar 202438.08%
Govt. Holding
Mar 20230.23%
Jun 20230.23%
Sep 20230.23%
Dec 20230.23%
Mar 20240.23%
Hot Stocks Alert Join
Public Holding
Mar 202336.65%
Jun 202336.47%
Sep 202336.89%
Dec 202336.93%
Mar 202437.33%

Larsen & Toubro Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 145,452 Cr
2021₹ 135,979 Cr
2022₹ 156,521 Cr
2023₹ 183,341 Cr
2024₹ 221,113 Cr

Last 5 Years’ Net Profit:

2020₹ 10,894 Cr
2021₹ 12,921 Cr
2022₹ 10,419 Cr
2023₹ 12,531 Cr
2024₹ 15,547 Cr

Conclusion

This article provides a detail guide about Larsen & Toubro Ltd share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

If you’re new to our site and want to be updated on the latest market information, you can join us on the Telegram Group(Link below).

If you have additional questions, feel free to leave a comment below. We’ll be more than happy to address all of your questions.

BEST FOR YOU

LEAVE A REPLY

Please enter your comment!
Please enter your name here