India's L&T set for best day in over five years as Iran ceasefire lifts sentiment

Larsen and Toubro

08/04/2026 07:34

** Shares of India's Larsen & Toubro LART.NS rise 7.04% up to 3,988 rupees

** Set to raise the most since Feb 2021

** Stock tracks gains as broader market sentiment improved after U.S. President Donald Trump agreed to a two-week ceasefire with Iran

** LART has expanded its Middle East presence over the last few years, with the region accounting for 35% of quarterly revenue

** Stock rated "Buy" on average by 13 analysts, median PT at 4,554 rupees -data compiled by LSEG

** YTD stock down 8.82%

(Reporting by Devika Nair in Bengaluru)

((Devika.MadhusudhananNair@thomsonreuters.com;))