📰 ET Stocks 🟢 BULLISH 🕒 28 Oct 2026, 10:43 AM IST

L&T shares rally 6% after Q2 net profit jumps 33% YoY. Why Jefferies cut target price?

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Core Development: L&T shares rally 6% after Q2 net profit jumps 33% YoY. Why Jefferies cut target price?

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Market & Financial Impact: Larsen & Toubro (L&T) shares rose sharply on Wednesday after the company reported a 33% year-on-year rise in Q2 FY27 net profit to Rs 5,202 crore. Jefferies retained its Buy rating but cut the target price to Rs 4,700, citing weaker-than-expected margins and factoring in lower estimates.

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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

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L&T shares rally 6% after Q2 net profit jumps 33% YoY. Why Jefferies cut target price?

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