L&T shares rise 2%, hit 52-week high after 16% YoY rise in Q2 PAT, brokerages maintain positive outlook

Larsen & Toubro’s shares soared to a year-high, buoyed by a remarkable 16% growth in profits for the quarter running from July to September. The company also saw a 10% boost in revenues and a staggering 45% increase in order inflows.