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

- Source: Economic Times
- Published: 2026-10-28T05:13:42+00:00
- Category: Business
- Original: https://economictimes.indiatimes.com/markets/stocks/news/lt-shares-rally-6-after-q2-net-profit-jumps-33-yoy-why-jefferies-cut-target-price/articleshow/135252953.cms
- Canonical: https://groundlevelnews.com/story/l-t-shares-rally-6-after-q2-net-profit-jumps-33-yoy-why-jefferies-cut--37a871/

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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