JPMorgan initiates coverage on L&T with ‘Overweight’ rating, sets target price at ₹4,360
Global brokerage firm JPMorgan has initiated coverage on Larsen & Toubro (L&T) with an 'Overweight' rating, setting a target price of ₹4,360 per share.
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L&T carves out new vertical for Renewable EPC out of its Power T&D Business
Larsen & Toubro (L&T) has announced the establishment of a distinct Renewable EPC (Engineering, Procurement, and Construction) business vertical, carved out from its existing Power Transmission & Distribution segment within the Infrastructure Projects division.
Fitch Ratings assigns first-time BBB+ to L&T with a stable outlook
Fitch Ratings has assigned Larsen & Toubro Limited (L&T) first-time Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of 'BBB+', with a Stable Outlook.
L&T shares end almost 2% lower amid cautious brokerage note from Kotak Institutional Equities
Shares of the country's largest infrastructure player, L&T or Larsen & Toubro ended 1,7% lower at Rs 3,687 on the NSE after a brokerage note from Kotak Institutional Equities.
L&T Innovation Campus to merge with L&T Seawoods; Share buyback and special dividend considered
Strategic moves and investor rewards: L&T takes bold steps to optimize operations and enhance shareholder value
L&T board considering share buyback & special dividend proposals for 25 July meet
The meeting will also see the approval by the board on the unaudited consolidated and standalone financial results for the quarter ended June 30. Buyback of shares of L&T would mean a reduction in the existing shares of the company in the open market.
L&T Finance Holdings net profit jumps 102.6% in Q1 FY-24
"We have achieved retailization of 82% in Q1 FY24 itself, much ahead of the Lakshya 2026 goal of greater than 80% retailization. In fact, we have been able to achieve most of our Lakshya 2026 goals almost three years in advance," said Dinanath Dubhashi, managing director and chief executive, L&T Finance Holdings Ltd.
L&T Tech Q1 Results: Net profit rises 13% YoY to Rs. 311 crore with revenue up by 15%
The company has also clocked revenue of Rs 2,301 crore from Rs 2,006 crore which is a rise of 15% when compared to the previous fiscal year.
L&T shares jump 3.5% on ‘mega order’ win worth more than Rs 7,000 crore
Shares of Larsen & Toubro gained over 3.5% on Wednesday and hit a day’s high of Rs 2,251 after the company announced that it has bagged a mega order worth more than Rs 7,000 crore.
Stocks to watch: Adani Total, Airtel, Adani Power, L&T, Tata Steel
LIC, IRCTC, Hindalco, HPCL, Adani Total, Zomato, Aurobindo Pharma, and Bajaj Consumer Care will be among the companies reporting profits for the December quarter today.
Stocks to watch: Adani Group, LIC, L&T, Tech Mahindra, Inox, GAIL and more
Today's Stock Exchanges to Watch The circuit limitations for three Adani group businesses - Adani Total Gas, Adani Transmission, and Adani Green Energy - were reduced from 20% to 10% on Monday by the BSE and NSE.
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