Shares of Engineering and construction major Larsen and Toubro (L&T) jumped 2% on Thursday to its day’s high of Rs 3589.80 on BSE after the company reported a consolidated net profit of Rs 2,786 crore for the quarter ended June 30, 2024. The company’s revenue from operations increased 15% year-on-year (YoY) to Rs 55,120 crore, … 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
