L&T shares rally 6% after Q2 net profit rises 33% year on year
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
Larsen & Toubro (L&T) shares rose sharply on Wednesday after the company reported a 33% year-on-year rise in Q2 FY27 net profit to Rs 5,202 crore. Jefferies retained its Buy rating but cut the target price to Rs 4,700, citing weaker-than-expected margins and factoring in lower…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong quarterly profit for a major Indian group, though Jefferies cut its target on weaker-than-expected margins.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Q2 FY27 net profit rose 33% year on year to Rs 5,202 crore.
- 02The shares rose sharply on Wednesday.
- 03Jefferies kept its Buy rating but cut the target price to Rs 4,700.