Page 10 - Larsen Toubro

F&O Strategy: Nandish Shah recommends Bull Spread on Larsen & Toubro

The derivative analyst from HDFC Securities recommends to Buy L&T 2100 Call and simultaneously Sell 2160 Call of the 29-December expiry.

L&T buys Japan-based Chiyoda's entire stake in JV LTC for Rs 75 cr

Larsen & Toubro (L&T) on Tuesday said it has bought the entire stake held by Chiyoda Corporation in L&T-Chiyoda Ltd for Rs 75 crore. L&T-Chiyoda Ltd (LTC) is a joint venture between L&T and Japan-based Chiyoda Corporation (Chiyoda). The buyout is likely to be completed by the end of next month, the engineering and construction conglomerate said in a regulatory filing. "The acquisition is a related party transaction and approval of the audit committee and board of L&T have been taken," the filing said. LTC was formed with an aim to provide engineering and related services for the hydrocarbon industry to support L&T's EPC business in the domestic and international market. In the past 27 years, LTC has worked on more than 300 projects, including complex refinery and petrochemical processes. "L&T and Chiyoda hold 50 per cent shares in LTC. Hence, purchase of Chiyoda's share by L&T is a related party transaction. The transaction is done at arms length as

Larsen & Toubro nears record high after strong Q2FY23, healthy order book

Analysts believe that L&T is well-placed to benefit from overall diversified tender prospects with better order conversion in the domestic market

L&T Q2 net profit rises 22.5%, revenue up 23% on strong order inflows

In Q2, the company gained from strong order inflows in the domestic market, with consolidated revenue from operations increasing by 23 per cent to Rs 42,763 crore in the period

Larsen & Toubro Q2 PAT jumps 26% to Rs 2,819 cr on higher revenue from ops

Engineering and construction major Larsen & Toubro (L&T) on Monday reported a 26 per cent rise in consolidated net Profit After Tax (PAT) at Rs 2,819.20 crore for the quarter ended September on the back of higher revenue from operations. The company had posted a consolidated net PAT of Rs 2,231.33 crore in the year-ago period, L&T said in a filing to BSE. The consolidated revenue from operations increased by 22.9 per cent to Rs 42,762.61 crore from Rs 34,772.90 crore in the July-September quarter a year ago, the filing added. The company recorded orders worth Rs 51,914 crore at the group level during the July-September period, registering a growth of 23 per cent over the corresponding period of the previous fiscal. During the second quarter, the company bagged orders across various sectors like public spaces, nuclear power, irrigation and renewables. Of the total order inflow, international orders were worth Rs 17,341 crore. The consolidated order book of the group stood ..

MGS, Light Tank, WhaP: DRDO presents 3 'Make in India' successes at DefExpo

The DRDO has chosen Larsen & Toubro as a "design cum production partner"

Derivatives analyst Nandish Shah recommends bull spread strategy on L&T

The analyst from HDFC Securities recommends buying 1920 Larsen & Toubro October Call and selling 1960 Call of the same series.

F&O Strategy: Nandish Shah recommends a Bull Spread on L&T

The technical analyst from HDFC Securities recommends buying L&T 1900 Call and simultaneously selling 1920 Call for the August series.

MSTC eyes e-commerce biz; ties with Reliance, Vedanta, Tata Power, others

Government-owned e-commerce service provider MSTC aims to expand its offering for private players and has tied up with firms like Reliance Industries, Tata Power, Vedanta, and Larsen & Toubro (L&T). The company believes that the current financial year will remain volatile and it would need to develop smart ways to tackle new challenges. "MSTC is endeavouring to harness the untapped potential in the private sector also, besides trying to retain the government and PSU business," company's chairman and managing director Surinder Kumar Gupta said in the annual report 2021-22. "...digital transformation is an integral part and play a key role in the development of the organisation in the near future. We are also taking various steps to ensure that we remain well placed to take the opportunity with both hands as and when the same comes in our path," Gupta said. The company said that it has emerged as a major standalone e-commerce service provider in the country. With its foray into .

Trading Strategies for Cochin Shipyard, Larsen & Toubro by Mehul Kothari

According to the technical analyst from Anand Rathi, Cochin Shipyard can rally to Rs 390, whereas Larsen & Toubro can slip to Rs 1,800-level.

Buy CRISIL, Sell Larsen & Toubro recommends Mehul Kothari

According to the technical analyst from Anand Rathi, Larsen & Toubro can slip to Rs 1,800-level, while CRISIL can rally to Rs 3,700.

L&T to work across green energy value chain; to pump in $2.5 bn in 3-4 yrs

Investment to help it tap the entire value chain from manufacturing to EPC projects

Larsen & Toubro commissions new green hydrogen plant at Hazira in Gujarat

The plant will produce 45 kg of green hydrogen daily, which will be used for captive consumption in the company's Hazira manufacturing complex

SBI, DLF, Bajaj Auto, Manappuram look good on charts post RBI policy

Manappuram Finance has so far on Friday post RBI rate hike has logged its biggest intra-day gain this year, the stock along with DLF, SBI and Bajaj Auto can rally up to 14 per cent in the near term.

Decent upside in L&T stock; analyst recommendations strongly positive

Core revenues were at Rs 35,850 crore, up 22 per cent year-on-year (YoY) and down 32 per cent quarter-on-quarter (QoQ)

L&T beats estimates as Q1 net profit surges 45% YoY to Rs 1,702 crore

But sequentially, it declines 53% amid inflationary pressure & Rs depreciation

L&T Q1 results: Net profit rises 45% to Rs 1,702 cr; revenue up 22%

Company's order inflow rises 57% in June quarter

Powered by FMCG, auto stocks; indices snap four-day losing streak

Tata Steel, Power Grid, HCL Technologies, Wipro, Dr Reddy's and Axis Bank were the laggards

L&T CEO Subrahmanyan gets 115% jump in salary in FY22 as business grows

Total compensation of L&T's executive directors (including Subrahmanyan) in FY22 was 120 to 670 times the median remuneration of the company's employees, data from its FY22 annual report shows

Lord of the rings: Audi India head Balbir Dhillon on 'simplest business'

The first Indian executive to head the German luxury carmaker in the subcontinent, Dhillon has worked his way up the ranks, writes Pavan Lall