Chart Check: Channel breakout could take this infra stock to fresh record highs

Chart Check: Channel breakout could take this infra stock to fresh record highs

Larsen & Toubro, part of the civil construction industry, has managed to bounce back from its 50-DMA on the daily charts and is on track to make a fresh record high in the next 2-3 months, suggest experts. The stock, also part of the S&P BSE Sensex, hit a fresh record high of Rs 2297 … Read more

L&T Q3 preview: PAT growth seen slowest in 3 quarters, order inflows outlook key

L&T Q3 preview: PAT growth seen slowest in 3 quarters, order inflows outlook key

Engineering behemoth Larsen & Toubro is expected to report a good set of numbers for the December quarter on Monday, backed by better execution in the mainstay infrastructure segment and strong order inflows. Operational performance is also seen improving sequentially on the back of cooling commodity prices. Operating profit is seen rising over 18% YoY … Read more

ICICI Direct sees Nifty at 21,400 in 2023

ICICI Direct sees Nifty at 21,400 in 2023

Mumbai: ICICI Direct expects the Nifty to touch 21,400 in 2023 and 50,000 by 2030. The retail broker’s 2023 target implies an upside of 16.2% from the current levels. Larsen & Toubro remains its top pick with a target price of ₹2,520 per share implying a 16% upside. Other picks include (target ₹660), Bosch (target … Read more

Nifty bulls back with a bang ahead of Budget: Will the momentum sustain?

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NEW DELHI: Benchmark indices jumped in Monday’s trade, tracking Friday’s rally on Wall Street, even as fear gauge India VIX spiked ahead of Economic Survey later in the day and Union Budget 2022 tomorrow. IT and select financials led the gainers. At 10:23 am, the BSE Sensex was trading 847 points or 1.48 per cent, … Read more

L&T Q1 preview: Profit likely to rise multifold YoY but may halve sequentially

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NEW DELHI: Larsen & Toubro is likely to report a multi-fold surge in its net profit, largely on the back of a weak year-ago base. On a sequential basis, profit may actually halve, analysts said. Nomura India noted that execution weakened for the engineering, procurement and construction ( ) companies like L&T during the June … Read more

Brokerages raise L&T’s target price on strong Q4

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Investec raised target price to Rs 1,785 from Rs 1,640. Synopsis Morgan Stanley retained overweight and raised target price to Rs 1,816 from Rs 1,721 saying that valuations remain compelling and the company has delivered well in a tough financial year. IIFL also said the stock trades inexpensively, and retained the buy rating with a … Read more

Amid Covid gloom, India’s largest infra firm projects exciting future for itself

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MUMBAI: “We are very excited about the future,” SN Subrahmanyan, Chief Executive Officer of Larsen & Toubro, declared with a level of certainty that may be hard to find at a time when most of the country has been shrouded in the gloom unleashed by a severe second wave of the Covid-19 pandemic. At the … Read more

L&T Q4 results: PAT rises 3% YoY to Rs 3,293 cr; order inflows slump 12%

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MUMBAI: India’s largest infrastructure company Larsen & Toubro today reported a 3 per cent year-on-year rise in consolidated net profit to Rs 3,293 crore, which was slightly below analysts’ estimates. The company reported a 9 per cent on-year growth in consolidated revenues to Rs 48,088 crore, which also missed Street’s expectations marginally. The infrastructure company’s … Read more

Blockbuster Q3 gives L&T “problem of plenty” due to order inflows: Key takeaways

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MUMBAI: Larsen & Toubro’s blockbuster order inflows and earnings for the quarter ended December has made the company hopeful of the future, a sharp turnaround from the company’s position earlier this financial year when the national lockdown forced it to junk its order inflow and sales growth guidance for the first time in many years. … Read more

Gaganyaan: L&T hands over country’s first launch hardware for ISRO’s manned mission

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Dr K Sivan, Chairman, ISRO, complimented the L&T and ISRO teams for the maiden delivery as a ‘Diwali Gift’ to the country, and their hard work on realizing the flight hardware ahead of schedule. Notwithstanding the impact of the COVID-19 global pandemic on all sectors, Larsen & Toubro has once again delivered the first hardware, … Read more