L&T Shares Surge 3% on Exceeding Order Inflow Guidance; Brokerages Bullish
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Moneycontrol•29-01-2026, 11:09
L&T Shares Surge 3% on Exceeding Order Inflow Guidance; Brokerages Bullish
- •L&T shares rose over 3% after management indicated it would exceed its 10% order inflow growth guidance for the full year.
- •The company maintained its full-year revenue growth guidance at 15% and core margin guidance at 8.5%.
- •Adjusted net profit for the quarter was higher year-on-year, despite a one-time labor code impact of ₹1,344 crore.
- •EBITDA increased by 18.6% year-on-year to ₹7,416 crore, surpassing CNBC-TV18 poll estimates.
- •Brokerages Nomura and Jefferies maintained 'Buy' ratings with price targets of ₹4,510 and ₹4,715 respectively, while HSBC gave a 'Hold' rating with a target of ₹3,900.
Why It Matters: L&T shares gained significantly due to strong order inflow expectations and positive brokerage outlooks.
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