Economic TimesLean R·
L&T shares rally 6% after Q2 net profit jumps 33% YoY. Why Jefferies cut target price?
Shares of Larsen & Toubro (L&T) jumped more than 4% on Wednesday after the company reported a 33% year-on-year (YoY) increase in consolidated net profit to Rs 5,202 crore for the second quarter of FY27, despite Jefferies cutting its target price while maintaining a ‘Buy’ rating.The stock rose to Rs 3,894 on the NSE, emerging as the top gainer on the Sensex and Nifty amid broader market weakness. It is on track for its biggest single-day gain in more than six months.Also read | Larsen &a…
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