Larsen & Toubro

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Markets, IPOs & Wealth 28 Oct 2026, 05:00 PM IST

L&T Shares Jump 6% as Q2 Profit Surges 33%, Even as Jefferies Trims Target on Margin Pressure

Larsen & Toubro shares rallied sharply on Wednesday after the engineering and infrastructure major reported a 33% year-on-year rise in second-quarter net profit to Rs 5,202 crore, reinforcing investor confidence in its execution and order-book strength. Jefferies kept a Buy rating on the stock but lowered its target price to Rs 4,700, citing weaker-than-expected margins and reduced earnings estimates.

By RDU Global Wire5 min read

Macro Economy & Fiscal Policy15 Oct 2026, 01:18 AM IST

L&T, IIT Madras-incubated TuTr Hyperloop team up to assess advanced transport projects

Larsen & Toubro has joined hands with TuTr Hyperloop, an IIT Madras-incubated mobility venture, to evaluate commercially viable advanced transport infrastructure opportunities across India. The collaboration brings together L&T’s engineering and construction scale with TuTr’s indigenous technology development, underscoring growing interest in next-generation mobility solutions.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Larsen & Toubro:

Jefferies(1)India(1)