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
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
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
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
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
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
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
NEW DELHI: EPC major Larsen & Toubro on Wednesday said its consolidated net profit fell 44.73 per cent year-on-year (YoY) to Rs 1,410.29 crore for the September quarter compared with Rs 2,551.67 crore in the same quarter last year. Analysts in an ET NOW poll has projected a net profit of Rs 1,344 crore for … Read more