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 […]
Larsen and Toubro
The Nifty index closed the trading week at 24,500, marking a weekly high of 24,500, close to the resistance zone of 24,500-24,600. Throughout the week, the index fluctuated within a range of 24,100-24,500. This rally can be considered a pre-budget rally, focusing on manufacturing, infrastructure, export, defense, auto, and fertilizer […]
Larsen and Toubro Ltd’s management has lowered its expectations for the ongoing financial year, a decision that hasn’t gone down well with investors. Earnings for the March quarter and the 2023-24 financial year did have their share of positives, but lower-than-anticipated FY25 margin forecast for the company’s core project and […]