LT: Share Buyback Impact.

Aktualisiert
Technically: Candle pattern "Bullish HARAMI"
Corporate Action: First ever Buy Back, Amount may be 12500 Cr.

L&T' had cash and cash equivalents worth Rs' 8,700 cr. on its balance sheet at the end of the previous financial year.
In the last few quarters, L&T' had sold a couple of non-core assets which are expected to boost its recent cash balance.

It may be noted that L&T' reported a net profit of Rs' 1,214 cr. for the April-June quarter,
36 per cent higher from Rs' 892 cr. reported in the corresponding quarter of previous fiscal.

Education Purpose only.
Anmerkung
Made HIGH Above 200SMA, but Close in line.
200DEMA @ 1348 looks Crucial.
Closing above (better two consecutive day) move to @ 1359 - 1378 - 1400 - 1424+
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