Positive impactResults
L&T shares rally 6% after Q2 net profit jumps 33% YoY. Why Jefferies cut target price?
Economic Times 54 min ago·28 Oct 2026, 5:13 am
Larsen & Toubro (L&T) shares rose sharply on Wednesday after the company reported a 33% year-on-year rise in Q2 FY27 net profit to Rs 5,202 crore. Jefferies retained its Buy rating but cut the target price to Rs 4,700, citing weaker-than-expected margins and factoring in lower estimates.
Affected stocks
Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Larsen & Toubro (LT).
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update for Larsen & Toubro worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
