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The Economic Times

Stock market update: Stocks that hit 52-week lows on NSE

Power Grid, L&T, Bharti Airtel, Apollo Hospital and Divis Labs were among the top losers on NSE.

CNBC TV18

L&T shares get a downgrade, price target cut on near-term order flow worries

Out of the 35 analysts that have coverage on L&T, 29 of them continue to maintain a "buy" recommendation on the stock, four of them have a "hold" rating, while two have a "sell" recommendation.

Business Line

SMRs within our “core capability”, in talks with tech suppliers, says L&T Director Sarma

Many industries, especially the steel sector, are exploring possibilities of setting up SMRs for green energy

Business Line

L&T looking for big bucks in offshore wind contracts abroad

The business is also partnering with electrical technology companies and collaborating with floating foundation technology providers and other key stakeholders to offer a comprehensive solution

Business Standard

L&T wins Rs 10K-15K cr power transmission, distribution orders in West Asia

As of June, L&T had an outstanding order book of Rs 4.90 trillion, of which 35 per cent was from West Asia

Business Line

L&T wins transmission projects worth ₹15,000 cr in Saudi Arabia, UAE

Projects involve expanding, strengthening high-voltage electricity grids

The Economic Times

L&T gets mega order of Rs 10k-15k cr to build advanced grid system

The projects, considered mega orders, include High Voltage Direct Current (HVDC) transmission systems and Gas Insulated Substations (GIS), key elements in modernising and interconnecting regional grids in Saudi Arabia and the United Arab Emirates.

CNBC TV18

L&T bags 'mega' orders to build advanced grid systems in Saudi Arabia, Abu Dhabi

L&T Share Price | L&T classifies orders in the ₹10,000 crore to ₹15,000 crore range as 'mega' orders. The company said the orders are for expanding and strengthening the electricity grids at high voltage levels.

CNBC TV18

Analysts recommend buying L&T Finance, HDFC Life, SAIL, JK Cement, Coal India and IDFC First Bank in today’s trade

On Tuesday, market tech analysts Sacchitanand Uttekar, Shilpa Rout, Mitessh Thakkar and Avani Bhatt recommended these stocks for the short term.

CNBC TV18

Top stock picks | L&T, JSW Steel, Bosch and Godrej Properties on the radar

On Monday, market tech analysts Soni Patnaik, Shivangi Sarda and Mitessh Thakkar recommended these stocks for the short term.

The Economic Times

Our target is to deliver on the returns we have promised, says Sudipta Roy, Chief Executive Officer, L&T Finance

L&T Finance's CEO Sudipta Roy discusses the company's cautious approach amid rising delinquencies in microfinance and unsecured loans. Despite challenges, L&T Finance aims for a ₹2 lakh crore balance sheet by 2024 and focuses on diversifying liabilities and improving customer acquisition. The company has no current plans to become a bank.

Business Standard

L&T acquires 12.25% stake worth Rs 12.5 crore in quality management firm

Engineering and construction giant Larsen & Toubro has acquired 12.5 million equity shares in not-for-profit company Indian Foundation for Quality Management

The Economic Times

L&T, 6 others pick 8.03% stake in Cube Highways Trust for Rs 1,243 crore

The company had clocked a loss of Rs 20 crore in the year-ago period. Its total income rose to Rs 830.9 crore from Rs 781.6 crore, while expenses stood at Rs 823 crore, as against Rs 799.5 crore.

The Economic Times

Larsen & Toubro Stocks Live Updates: Larsen & Toubro Closes at Rs 3730.45, Achieving 3.91% Returns Over Three Months

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CNBC TV18

Escorts, Havells, Bharti Airtel, ICICI Bank, Bosch and L&T are on the radar for today's trade

Market tech analysts, Soni Patnaik, Mitessh Thakkar and F&O analyst Rajesh Palviya have these recommendations on Wednesday.

Mint

Stock market today: Nifty 50, Sensex achieve record highs but close with modest gains, broader market outperforms

Among the 50 Nifty constituents, 26 stocks ended in the positive, with NTPC leading at 2.6 per cent. Other notable gainers included JSW Steel, Hindalco Industries, Shriram Finance, Larsen & Toubro, ICICI Bank, Axis Bank, and Eicher Motors, all rising between 1 per cent and 1.7 per cent.

Business Standard

Sai Silks (Kalamandir) Ltd leads gainers in 'A' group

Galaxy Surfactants Ltd, Triveni Engineering and Industries Ltd, L T Foods Ltd and Sobha Ltd Partly Paidup are among the other gainers in the BSE's 'A' group today, 16 September 2024.

The Economic Times

Bank Nifty expected to grow, many private banks have witnessed breakout: Rajesh Palviya, Axis Securities

Rajesh Palviya of Axis Securities predicts a strong performance for Bank Nifty and Nifty in the coming week, with potential gains in private banks and midcap stocks. He suggests buying DLF, Voltas, and L&T Finance based on recent trends and technical analysis.

The Economic Times

Large, mid and smallcap stocks that mutual funds bought and sold in August

The mutual fund industry made significant additions to their portfolios with Axis Bank, Ola Electric, and Brainbees Solutions. Conversely, they reduced their stakes in HDFC Bank, Bharti Airtel, and Zydus Lifesciences. For three consecutive months, the major additions in the large-cap segment were Larsen & Toubro, ITC, and Maruti Suzuki, while the primary reduction was in Bharti Airtel.

The Economic Times

Chambal Fertilizers, RR Kabel among 4 stock picks with up to 27% upside: YES Securities

YES Securities has identified four stocks with significant growth potential, offering up to 27% gains. The key picks include RR Kabel, L&T, FIEM Industries, and Chambal Fertilizers. These stocks are expected to benefit from factors like infrastructure spending, increased electrification, LED adoption in vehicles, and favorable agricultural conditions.

The Economic Times

India's semiconductor ambition grows with L&T's $300 mn bet

Larsen & Toubro Ltd. plans to invest over $300 million in a fabless chip company, aiming to design 15 products by year-end and start sales in 2027. This move aligns with India's push to boost local semiconductor capacity and reduce imports, supported by government subsidies.

Business Standard

L&T joins semiconductor race, to create chip firm and invest over $300 mn

The tech-to-construction company will spend the money over three years to establish a fabless chipmaker, which designs and sells semiconductors but contracts out their production

The Economic Times

L&T Semiconductor Technologies and IBM announce plans to collaborate on processor technology innovations

While L&T Semiconductor Technologies is targeting to build a semiconductor portfolio of smart devices across multiple verticals, IBM is known to drive innovation in silicon and processor development, both independently and with an ecosystem of partners.

Business Standard

L&T Semiconductor Technologies, IBM ink pact to develop advanced processors

Under the collab, both IBM and L&T Semiconductor Technologies anticipate focusing on innovation, functionality, and performance to enable reliable, secure, and scalable computing for range of apps

The Economic Times

L&T Semiconductor Technologies, IBM to collaborate in R&D to design advanced processors

L&T Semiconductor Technologies and IBM have announced a collaboration to design advanced processors, focusing on innovation, functionality, and performance. The partnership aims to develop reliable, secure, and scalable computing solutions for various applications. This initiative was revealed at the SEMICON India 2024 event. L&T Semiconductor Technologies is a fabless semiconductor product company based in India.

Business Line

Tech Query: What is the outlook for Steel Authority of India Ltd (SAIL), L&T Finance and Allcargo Gati?

We zoom in on the prospects of Steel Authority of India Ltd (SAIL), as also the prospects of two other stocks — L&T Finance and Allcargo Gati

Business Standard

L&T Finance allots NCDs worth Rs 175 crore

L&T Finance said that it has allotted 17,500 listed, secured, rated, redeemable, non-convertible debentures having face value of Rs 1 lakh each, aggregating to Rs 175 crore, through private placement basis.

Mint

Top Stock Recommendations: Sagar Doshi of Nuvama recommends REC, Prism Johnson, and L&T Finance today

Top Stock Recommendations: Sagar Doshi of Nuvama Professional Clients Group recommends buying these three stocks today - REC Ltd, Prism Johnson Ltd, and L&T Finance Ltd.

Business Line

L&T Technology Services recognised as partner-level supplier by John Deere for fourth year running

Partner-level status is the highest supplier rating awarded by Deere & Company

The Economic Times

L&T creates renewable EPC vertical

A Ravindran, senior vice president, Larsen & Toubro, has been appointed as the head of renewable business. "The growth of renewable EPC business has accelerated in recent years," said Larsen & Toubro chairman SN Subrahmanyan. "Thanks to our early start and investments, we have built an organisation that is uniquely placed in the value chain of creating sustainable energy infrastructure. This space is promising. Multiple opportunities are visible."

Business Standard

L&T carves renewable EPC biz into separate vertical

The EPC major's announced that it has carved out a separate business vertical for Renewable EPC out of its Power Transmission & Distribution business, within its Infrastructure Projects segment.

CNBC TV18

L&T to create separate vertical for Renewable EPC business from power transmission business

L&T Share Price | "This space is promising. Multiple opportunities are visible. We want to capitalise on our success and wish to remain a preferred partner of choice for our customers," said L&T's chairman and managing director SN Subrahmanyan. He added the creation of this vertical will give increased autonomy, customer proximity and leadership oversight to the business.

The Economic Times

Emkay raises Nifty target to 26,000; adds 7 new stocks to model portfolio

Around seven new stocks have been added to the model portfolio and five have been dropped out. The stocks added to the model portfolio include Varun Beverages, ONGC, Larsen & Toubro, Ambuja Cements, HCL Tech, Delhivery, and ITC. The stocks which have been dropped out are Maruti Suzuki, Shree Cement, Wipro, Nestlé, and ICICI Prudential Life.

The Economic Times

L&T carves out renewable business to meet growing global demand

Larsen & Toubro (L&T) has launched a new Renewable EPC business vertical, separating it from its Power Transmission & Distribution unit. This move aims to improve management and resource integration as global and regional opportunities in renewable energy, particularly in solar and wind, continue to grow rapidly. Effective September 1.

Mint

L&T Tech has outlined an ambitious growth plan. But it's off to a slow start.

L&T Tech aims to be a top ER&D services company with $2 billion revenue. The focus is on mobility, sustainability, and tech, but lacks a timeline. Analysts see potential but caution against ambitious targets and slow deal conversions.

Business Line

L&T Construction reduces timelines by 50% with 3D printing technology

‘By using this technology, a villa project that would typically take 24 to 36 months can be completed in 12 months’

CNBC TV18

L&T Tech shares climb as management targets $2 billion revenue and improved margins

The management highlighted their aspiration to achieve a revenue run rate of $2 billion and an EBIT margin of 17-18% over the medium term.

Business Standard

Nifty August futures trade at discount

HDFC Bank, ICICI Bank and Larsen & Toubro were the top traded contracts.

Business Line

Markets settle almost flat in volatile trade; Nifty hits lifetime high

On the Sensex chart, Bajaj Finserv, Maruti, Larsen & Toubro, Bajaj Finance, Infosys, Axis Bank and ICICI Bank were the biggest gainers

CNBC TV18

DEE Development Engineers wins ₹26 crore order from L&T Energy Hydrocarbon

The contract is associated with L&T's Module Fabrication Facility (MFFK) in Kattupalli, Tamil Nadu.  The MFFK is part of L&T’s sprawling 1,200-acre marine complex which lies in a Special Economic Zone and includes a shipbuilding and ship-repair yard as well as a port and freight container station.