L&T Shares Surge 3% on Optimistic Order Inflow Forecast; Check Price Targets
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CNBC TV18•29-01-2026, 09:18
L&T Shares Surge 3% on Optimistic Order Inflow Forecast; Check Price Targets
- •Larsen & Toubro (L&T) shares gained over 3% after management indicated surpassing its 10% full-year order inflow growth guidance.
- •The company maintained its 15% revenue growth and 8.5% core margin guidance, with Q3 core margins at 8.1%.
- •Q3 net profit was impacted by a one-time labor code effect of ₹1,344 crore; adjusted profit was ₹4,380 crore.
- •EBITDA grew 18.6% to ₹7,416 crore, slightly above CNBC-TV18 poll, despite execution challenges in water projects and subdued Hydrocarbon margins.
- •Brokerages Nomura and Jefferies maintained 'buy' ratings with price targets of ₹4,510 and ₹4,715 respectively, while HSBC has a 'hold' rating with a ₹3,900 target.
Why It Matters: L&T shares rose on strong order inflow guidance, though some business segments face execution and margin challenges.
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