Larsen & Toubro Ltd’s stock shot up more than 2.5% on Thursday after its consolidated Ebitda increased 15% year-on-year to ₹5,615 crore in the June quarter (Q1FY25), slightly above Street estimates. Profitability was led by robust execution of international projects, while domestic ones remained subdued. The strong pipeline of orders […]
infrastructure companies
A rally fuelled by robust fundamentals has led to a re-rating in the infrastructure and capital-goods sectors, pushing several stocks into what seems like overvalued territory. Several infrastructure and capital-goods stocks are trading above their 10-year average price-to-earnings (PE) ratio. The PE ratio compares a company’s stock price to its […]