L&T Q4 revenue ₹82,762 cr, net profit down, shares fall
NewsBytes | May 6, 2026 1:39 PM CST
Brokerages split on L&T outlook
Brokerages aren't on the same page about L&T's future.
Motilal Oswal trimmed its outlook for FY27 due to supply chain hiccups and slower project execution.
Jefferies actually bumped up its target price to ₹4,885, feeling positive about L&T's big bets on data centers and real estate under its Lakshya 2031 plan.
On the other hand, Nomura turned cautious with a neutral rating and a lower target of ₹3,940 after this quarter's lukewarm performance.
Motilal Oswal also expected stakes in Hyderabad Metro and Nabha Power to be sold soon as part of its estimates/revisions.
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