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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.

Business Line

DEE Development Engineers secures ₹26.59 crore contract from L&T energy

The contract, set to be executed by July 30, 2025, involves piping spool fabrication, including non-destructive testing, post-weld heat treatment, blasting, and painting

Business Line

Indices climb higher on Fed rate cut speculation

Top gainers on the NSE included L&T (2.31%), SBI Life (1.93%), HDFC Life (1.58%), Maruti (1.56%), and Bajaj Finserv (1.47%)

CNBC TV18

Sensex Today | Stock Market LIVE Updates: Nifty at 25,050, L&T, SBI Life, Maruti Suzuki top gainers

Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex opened today's trade session. While Nifty opened at 25,024.80, Sensex oped at 81,815.23

Business Standard

Larsen & Toubro International FZE to acquire further 15% stake in L&T Oman

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Business Line

Stocks that will see action today: August 14, 2024

Buzzing stocks: Reliance, L&T, Hindalco, Vedanta, Nykaa, Alembic Pharma, Bombay Dyeing, Shalby, Sunteck Realty, 63 Moons Tech, SH Kelkar, Lemon Tree

The Economic Times

L&T Semiconductor to sign first clients by September, CEO Sandeep Kumar says

India's L&T Semiconductor Technologies plans to sign contracts with six automobile companies by the end of September, making them its first clients. The total value of the contracts is $150 million per year. The company, which designs chips for vehicles, competes with Qualcomm and NXP Semiconductors.

Mint

Stock to buy: Sumeet Bagadia recommends this largecap stock as his Independence Day Pick

Stock to buy: Choice Broking Executive Director Sumeet Bagadia has recommended the index heavyweight Larsen & Toubro shares as his Independence Day Pick.

Business Line

Stocks that will see action today: August 12, 2024

Buzzing Stocks: Adani group, 360 One, REITs, Aavas Financiers, ONGC, L&T, Kotak Mahindra Bank, VA Tech Wabag, Amara Raja, Mazagon Dock

Business Line

Movers & Shakers: Stocks that will see action this week

Here is what the charts say about the shares of L&T Finance, The Phoenix Mills and RBL Bank

Business Line

Altair and L&T Technology Services establish digital twin center of excellence

This CoE will provide digital twin capabilities to customers worldwide in the mobility, hi-tech, and sustainability sectors

Business Standard

L&T Finance planning to resume retail bond issuance in H2FY25: CFO Joshi

Firm stepping up borrowing through Commercial Paper to make the most of soft interest rates

Business Standard

L&T Finance Q1 results: Consolidated net up 29% on healthy margins, fees

Its NIM plus fees and other income improved by 144 basis points to 11.08 per cent in Q1FY25 from 9.64 per cent in Q1FY24, LTF said in a statement

Hindustan Times

Q1 2024-25 results: 25 companies to announce earnings today including Bajaj Auto, L&T Finance, Network18

Around 25 companies are scheduled to announce their earnings today, with market sentiment being especially positive for the auto sector.