Larsen & Toubro Ltd (LT)

L&T's New Manufacturing Unit In Saudi Arabia; Mixed Outlook For Earnings - 16 May, 2024

Larsen & Toubro's subsidiary, L&T Valves, has set up a new manufacturing unit in Saudi Arabia. However, the company has disappointed on earnings and outlook. The CFO does not expect a wholesale surge in private capex for basic infrastructure.

Analysts Recommend Buying L&T Stock Despite Recent Correction - 15 May, 2024

Jefferies India and Geojit Financial Services recommend buying L&T stock despite recent correction, citing healthy order book, strong execution capabilities, higher traction in hydrocarbon segment, increased capex spends by government, and shareholder-friendly measures.

Larsen & Toubro Plans to Sell Stake in Hyderabad Metro - 13 May, 2024

Larsen & Toubro is planning to sell its 90% stake in the Hyderabad Metro project due to declining ridership caused by Telangana government's free bus ride scheme for women. The company will look at monetizing the asset after FY26 as part of its non-core business plans.

L&T Plans to Sell Hyderabad Metro Project Post-2026; To Review Financial Services Arm - 12 May, 2024

Larsen & Toubro Limited (L&T) is planning to sell off the Hyderabad Metro project after 2026 due to a free bus scheme that has made ridership less interesting. Additionally, L&T will undertake a groupwide review exercise of its businesses in 2026 and decide on the future of its financial services arm, L&T Finance.

L&T Q4 Results Show Increase in Topline and Profit - 11 May, 2024

Larsen & Toubro's Q4 results reveal an increase in topline and profit compared to the previous year. The company has declared a final dividend of ₹28.0. As of May 11, 2024, the consensus recommendation was to Buy.

L&T Expects Order Book to Rise, Consortium Partner with HAL - 10 May, 2024

Larsen & Toubro (L&T) is expecting its order book position to rise by another Rs 1 trillion in FY25. L&T is also a consortium partner with HAL to build five Polar Satellite Launch Vehicles. The stock has shown oversold conditions but is expected to head higher. L&T maintained double-digit growth momentum in Q4FY24, while facing the challenge of a scattered workforce due to ongoing elections.

L&T Shares Hit Two-Month Low After Margin Guidance Cut - 09 May, 2024

Larsen & Toubro (L&T) saw its shares fall by 6% after cutting its margin guidance due to fixed-price contracts in its order book, supply chain issues, and global political uncertainties. However, L&T reported a consolidated net profit of Rs 4,396 crore for Q4FY24, up 10% YoY.

L&T Bags Multiple Orders; Gets Credit Rating Upgrade - 08 May, 2024

Larsen & Toubro's Power Transmission & Distribution (PT&D) business wins major orders in India and abroad. S&P Global Ratings assigns BBB+ long-term issuer credit rating to the company. Siddhartha Mohanty appointed as Director of L&T.

L&T Expected to Report Strong Q4FY24 Results - 07 May, 2024

Larsen & Toubro is set to report its Q4FY24 financial results, with analysts predicting healthy growth in revenues and profits driven by the E&C segment. Infrastructure and capital-goods stocks are trading above their 10-year average PE ratio due to underlying growth prospects.

L&T Stock Faces Short-Term Decline Amid Profit Booking - 04 May, 2024

Larsen & Toubro Ltd's stock faces a potential short-term decline due to heavy profit booking by traders and the formation of a Head & Shoulder reversal pattern on the daily chart. The stock may drop to Rs 3100, but Rs 3280 is a good base. Traders can initiate fresh short positions if the stock slips below support at Rs 3480.

Larsen & Toubro Contributes to Market Sell-Off - 03 May, 2024

Shares of Larsen & Toubro fell, contributing to the overall sell-off in the market due to investor anxiety ahead of national elections. Both Nifty50 and S&P BSE Sensex remained almost unchanged over the past month, suggesting cautious sentiment among investors.

L&T Introduces ESG Goals for Loan, Shares Recovered by Investor - 01 May, 2024

Larsen & Toubro has introduced ESG goals into a portion of its $150 million loan from Bank of America. Meanwhile, Vishal Kapoor recovered shares worth around Rs 25 lakh in L&T with the help of Share Samadhan.

L&T Loses Legal Battle Over Tender Process for Sharavathi Project - 30 Apr, 2024

The Karnataka High Court and Supreme Court have dismissed L&T's appeals against the tendering process for the Sharavathi Pumped Storage project, which has been awarded to Megha Engineering & Infrastructures Ltd. The project is valued at Rs 8,000 crore and involves hydroelectric power generation from the Sharavathi river in Karnataka.

L&T Adopts High-Tech Engineering & Digital Technologies for Growth - 24 Apr, 2024

Larsen & Toubro Ltd is making strides in its digital journey by adopting high-tech engineering and Industry 4.0 manufacturing capabilities. L&T Heavy Engineering has successfully dispatched a heavy reactor to Mexico, while the group uses digital technologies to increase productivity and growth.

L&T Dispatches Reactor to Mexican Refinery - 23 Apr, 2024

Institutional shareholders control 50% of L&T, while insiders hold less than 1%. L&T has dispatched a hydrotreating reactor to a refinery in Mexico.

L&T EduTech Launches College Connect Program with Dr. Lankapalli Bullayya College of Engineering - 22 Apr, 2024

Dr. Lankapalli Bullayya College of Engineering has signed an MoU with L&T EduTech to launch the college connect program aimed at improving employability skills of students. The program will include crash courses, practical classes, and subject expert talks delivered both online and offline across all streams of engineering.

L&T Expands Exports and Employs Women Engineers - 19 Apr, 2024

Larsen & Toubro Ltd expands its exports of engineering services and goods while also employing women engineers in key positions such as quality control inspectors and maintenance engineers.

L&T Granted Land for Green Production Units; MahaRERA Directs Refund - 17 Apr, 2024

Larsen & Toubro has been granted 1,500 acres of land by Kandla Port for setting up green hydrogen and ammonia production units. Meanwhile, MahaRERA has directed L&T to refund the balance amount to an Abu Dhabi homebuyer.