L&T shares jump as quarterly profit beat eases Middle East worries
Shares of India's Larsen & Toubro rose nearly 6% on Wednesday after a 33% rise in second-quarter profit on strong order inflows, according to Reuters.
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what happened
Shares of India's Larsen & Toubro climbed nearly 6% on Wednesday after the engineering conglomerate reported a 33% jump in second-quarter profit. The company credited the result to strong order inflows, according to Reuters.
At 9:21 a.m. IST, the stock was up 5.55% at 3,865.80 rupees. Investors appeared to read the report as a sign that concerns about executing projects in the conflict-hit Middle East were overstated.
why it matters
For markets, the result signals that large Indian industrial companies are still growing revenue and order books despite regional tension. L&T's report may support interest in India's infrastructure and construction sector.
market impact
L&T shares: strong results and orders support the company's stock
- L&T shares pressure up — profit rose 33% and concerns over Middle East projects eased
tags
instruments
sources
- India's L&T jumps as quarterly profit beat eases Middle East concerns — Reuters, 28 October 2026 at 03:54 UTC
- India's L&T jumps as quarterly profit beat eases Middle East concerns — Reuters, 28 October 2026 at 04:30 UTC
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