Larsen & Toubro Ltd

(LT)

Motilal Oswal Recommends Buy on Larsen & Toubro - 21 Oct, 2024

Motilal Oswal Financial Services has a buy rating on Larsen & Toubro with a target price of Rs 4,250. Despite recent income declines, strong order books and expected domestic order inflows post-elections support a positive long-term outlook, though risks remain from order slowdowns and rising commodity prices.

L&T Secures Major Orders and Expands Energy Initiatives - 18 Oct, 2024

Larsen & Toubro is advancing its energy initiatives by launching a green hydrogen factory and partnering for clean nuclear energy. Additionally, it secured significant orders in the fertilizer and thermal power sectors, marking a strong re-entry into these markets.

L&T Secures Major Orders and Reports Strong Earnings - 17 Oct, 2024

Larsen & Toubro has secured significant orders, including Rs 2,500 crore for Agra Metro and a fertilizer plant. The company also reported robust Q1 FY25 earnings, with a net profit of Rs 3,445 crore.

L&T Secures Major Contracts and Launches Vessel - 16 Oct, 2024

Larsen & Toubro has secured a significant contract for Agra Metro Phase 1, Line-2, and launched the multi-purpose vessel 'Samarthak' for the Indian Navy, highlighting its engineering capabilities and commitment to urban mobility and national security.

JPMorgan Boosts L&T with Overweight Rating - 15 Oct, 2024

JPMorgan initiated coverage on Larsen & Toubro with an Overweight rating, projecting a 26.37% upside. The company is expected to achieve strong revenue growth and benefit from India's infrastructure investments.

JPMorgan Boosts L&T with Positive Coverage and Ship Launch - 14 Oct, 2024

JPMorgan initiates coverage on Larsen & Toubro with an 'Overweight' rating and a target price of ₹4,360, predicting strong growth. L&T's shares rise, reflecting investor optimism. Additionally, L&T launched the first ship of a Multi Purpose Vessel project for the Indian Navy, showcasing its defense sector capabilities.

JPMorgan Initiates Overweight Rating on L&T - 13 Oct, 2024

JPMorgan has initiated an Overweight rating on Larsen & Toubro with a target price of Rs 4,360, citing strong earnings growth and favorable valuations. Despite recent stock declines, L&T has shown significant gains over the past years.

L&T Secures Major Fertilizer Plant Contract - 10 Oct, 2024

Larsen & Toubro has been awarded a Rs 1,000 crore contract by Rashtriya Chemicals to build a 1200 MTPD fertilizer plant at Thal, Maharashtra.

L&T Secures Major Fertilizer Plant Contract - 09 Oct, 2024

Larsen & Toubro has been awarded a contract to construct a 1200 metric tons per day complex fertilizer plant at RCF's Thal facility, valued at ₹1,000.27 crore, to be completed in 27 months.

Brokerage Recommends Buy for Larsen & Toubro - 08 Oct, 2024

Axis Direct has recommended a buy for Larsen & Toubro, setting a target price of Rs 3,739. The stock is currently trading at Rs 3,532.4.

L&T Gains Court Approval and Expands Internationally - 07 Oct, 2024

L&T received a favorable court ruling allowing apartment sales in Noida, while also expanding into the international space market. Shankar Raman highlighted the need for faster structural reforms to support economic growth.

L&T Targets Role in NASA's Future Space Station - 06 Oct, 2024

Larsen & Toubro is pursuing a supply chain role in NASA's next space station, alongside ambitions in spaceports and manufacturing, reflecting India's growing space economy.

Extreme Heat Impacts L&T's Quarterly Performance - 04 Oct, 2024

Larsen & Toubro's quarterly financial performance is being affected by extreme heat conditions, although Q2 is expected to improve compared to Q1.

L&T Market Cap Drops Following Stock Decline - 03 Oct, 2024

On October 3, 2024, Larsen & Toubro Limited's stock fell by 3.95%, resulting in a loss of ₹19,805 crore in market capitalization, now at ₹4,82,499.46 crore.

L&T Reports Strong Order Book and New Contracts - 02 Oct, 2024

Larsen & Toubro, along with other engineering firms, announced significant new orders totaling Rs 2.04 trillion. The company also boasts a robust order book of Rs 4,909 billion, reflecting strong growth and investor confidence.

L&T Secures Major Contract in Kenya - 01 Oct, 2024

Larsen & Toubro has been awarded a Rs 793 crore contract to construct a national electricity dispatch hub in Kenya, enhancing its global infrastructure portfolio.

L&T Secures Major Orders and Growth Targets - 30 Sep, 2024

Larsen & Toubro aims for 10% order inflow growth and secures significant contracts for Energy Management Systems in Southern India and a Rs 305 crore order for EO Systems.

L&T Focuses on Realty for Future Growth - 29 Sep, 2024

Larsen & Toubro plans to enhance its realty business, viewing it as a major growth engine. Additionally, AI and digital tech are expected to reduce construction costs by 2-3%.

L&T Sees Growth Amid Execution Challenges - 27 Sep, 2024

Larsen & Toubro (L&T) is experiencing a surge in transmission and distribution opportunities driven by energy transition, despite facing execution challenges in India. The company has a robust project pipeline, including 18 GW globally, with 1.5 GW in India. Strategic government intervention and a focus on renewables are expected to support L&T's growth in the clean energy sector.

L&T Faces Downgrade Amid Order Flow Concerns - 26 Sep, 2024

Larsen & Toubro reported achieving 30-35% of its order inflow guidance for FY25, while HSBC downgraded the stock, citing worries over order inflows and cutting its price target to ₹3,500.