India's L&T shares jump 5% after maintaining full-year order growth forecast
Corrects paragraph 2 to say orders grew 77% in the latest quarter for L&T's infrastructure segment, not the entire company
Oct 31 (Reuters) -Shares of Larsen & Toubro LART.NS jumped more than 5% on Thursday, a day after the infrastructure developer maintained its full-year orders forecast and surprised some analysts with strong order execution in a seasonally weak second quarter.
L&T said it remains confident that orders would grow by 10% in the year to March 2025, after they increased 77% in the latest quarter for the infrastructure segment – its biggest business.
The stock was last up 5.4% at 3,591.60 rupees and was the second-biggest percentage gainer on the blue-chip Nifty 50 .NSEI index.
Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D'Souza
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