Shares of Larsen & Toubro (L&T) today surged 2% to the day’s high of Rs 3,555 on BSE after the global brokerage firm JP Morgan initiated coverage on the stock with an ‘overweight’ rating and a target price of Rs 4,360, an upside potential of 25%. The global brokerage firm believes that the stock seems … Read more
New Delhi: Fitch Ratings said it has affirmed ‘BBB+’ rating with a stable outlook on Larsen & Toubro and stressed that the ratings indicate strong financial structure and sound financial flexibility of the company. “Fitch Rating has assigned India’s Larsen & Toubro Limited (L&T) first-time Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of ‘BBB+’. … Read more
Shares of Larsen & Toubro (L&T) fell over 5% to the day’s low of Rs 3,440.25 on the NSE on Wednesday following its December quarter earnings where the engineering and construction conglomerate missed estimates of top brokerages on several key parameters. While Citi and Motilal Oswal have reposed faith on the counter, maintaining a ‘Buy’ … Read more
Indian multinational conglomerate Larsen & Toubro (L&T) has set the share buyback tendering period between September 18 and 25 when the company will buyback nearly 3.12 crore shares at a price of Rs 3,200 per equity share. Shares of L&T were trading in the green around 10 am and hit day’s high of Rs 2,931.65 … Read more
Engineering behemoth Larsen & Toubro Ltd is widely expected to report healthy double-digit growth in consolidated net profit for the quarter ended June, on the back of higher revenue and better margins. The consolidated net profit is seen rising 26.3% year-on-year (YoY) to Rs 2,149 crore, according to the average of estimates given by 9 … Read more
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
Following dovish commentary by the US Fed Chair Jerome Powell, the domestic equity market made yet another record high and ended in the green zone for the eighth straight day. IT, PSU banks, realty and metals gained while auto stocks saw some selling on the back of mixed monthly sales numbers. Stocks that were in … Read more
Markets attempting to hold onto the higher sides of the trading range looks robust and strong and the intent of Nifty to follow BankNifty path for new all-time highs looks quite possible soon. Monthly expiry option for Nifty, witnesses PE writers actively adding their positions at 18,000PE – over 50 lakh shares OI, followed by … Read more
Larsen & Toubro (L&T) on Monday reported a 22.5% year-on-year (YoY) rise in consolidated net profit for the quarter ended September at Rs 2,229 crore, a tad below ET Now poll of Rs 2,258 crore. Consolidated revenue increased nearly 23% YoY to Rs 42,763 crore, beating ET Now poll of Rs 39,750 crore. Consolidated order … Read more