Larsen & Toubro's shares surge over 4% as Q1FY26 reports show strong profit and revenue gains.

Larsen & Toubro (L&T) shares rose by over 4% on July 30 after reporting a 30% increase in net profit and a 15.5% rise in revenue for Q1 FY26. Order inflows also surged by 33%. Despite Avendus maintaining a 'Reduce' rating, other brokerages like Jefferies and Motilal Oswal kept 'Buy' ratings, with raised target prices reflecting optimism about L&T's strong performance and future growth.