Low impact
L&T rises 1.8% as infrastructure shares gain
Larsen & Toubro rose 1.76% to ₹3,939.90. On 27 October it reported profit up 33% and record order inflows of ₹1,47,665 crore. On 31 October it extended the deadline for selling its L&T Network Services unit to Vyoma.AI to 31 March 2027. IRFC rose 3.11% to ₹75.65, rebounding from a 52-week low set on Friday, as state-owned shares gained.
The chain of consequences
- 1L&T reported record orders on 27 October
- 2Lower oil helps cost outlook for builders
- 3Infrastructure shares rise with the market
- 4L&T closes at ₹3,939.90
Tends to gain
Engineering and construction firms
Tends to lose
None directly
If it reverses
Delays in Middle East projects could affect L&T's overseas orders.
Companies in this story
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