Larsen & Toubro Shares Rally 6% After Q2 Profit Jumps 33%
Larsen & Toubro (L T) shares rose 6% after reporting a 33% year-on-year increase in Q2 FY27 net profit to Rs 5,202 crore. Despite this, Jefferies cut its target price to Rs 4,700 due to weaker-than-expected margins and lowered estimates, while retaining a Buy rating on the stock.
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