L&T gains on Q3 margins; guidance cut may weigh

MUMBAI (Reuters) - Shares in Larsen & Toubro (L&T) rise 2.7 percent after the company's Q3 margins at 11.6 percent beat some analysts estimates, dealers say.

However, gains are seen limited as L&T cut its order book growth outlook for the current fiscal year to 15 percent, from 20 percent forecast earlier, due to the poor investment climate.

(Reporting by Abhishek Vishnoi; Editing by Sunil Nair)