Broker’s call: L&T Buy

[ad_1] Target: ₹4,047CMP: ₹3,291.30We revise our FY25/26E EPS estimates by -3.6/+5.2 per cent factoring in lower expected core margins in FY25 but increased execution in FY26. Larsen & Toubro (L&T) reported consolidated revenue growth of 15 per cent y-o-y, while...

L&T wins orders in clean energy sector, shares up

[ad_1] Larsen & Toubro Ltd secured orders in the renewables and grid systems sector. The power transmission and distribution business of L&T won contracts to establish two floating solar plants in India, with capacity of 150 MWac, along with a...

Technical Analysis: Biocon, Great Eastern Shipping and L&T

[ad_1] Biocon (₹305.2)Signs of bullish reversalBiocon’s long-term downtrend, that began in December 2020, came to an end in April 2023 after it found support at around ₹200. Since then, the stock has been on a recovery. Importantly, before a couple...

L&T HMRL unveils ‘Green Miles Loyalty Club’ to mark 50 crore passenger journeys

[ad_1] <!-- --> Felicitating Rajasree, the 50th crore passenger, Managing Director NVS Reddy said, "This achievement reflects the growing trust and preference for Hyderabad Metro as a safe, reliable, and convenient mode of travel." Published Date - 3 May 2024,...

L&T sells stake in L&T Infrastructure Development Projects

[ad_1] Larsen & Toubro Ltd has completed the sale of its entire equity stake in L&T Infrastructure Development Projects Ltd (L&T IDPL) to Epic Concesiones Pvt Ltd., a joint venture between L&T and Canada Pension Plan Investment Board (CPP Investments)...

Stock that will see action today: 5 April 2024

[ad_1] HDFC Bank on Thursday said it has sold a 3.03 per cent stake in Indraprastha Medical Corporation Ltd for ₹55.46 crore through the secondary market route on NSE. Incorporated in 1988, Indraprastha Medical Corporation Ltd is promoted by the...

L&T’s construction arm secures domestic, international projects

[ad_1] Larsen & Toubro Ltd’s shares were up by 0.95 per cent after the company’s buildings & factories (b&f) construction vertical clinched domestic and international orders. In Oman, the company secured a contract from the Ministry of Health to construct...