L&T Rallies on Strong Q1 Earnings and Order Inflows

L&T shares rose over 4% after reporting a 30% YoY jump in Q1 FY26 profit to ₹3,617 crore, surpassing estimates. Revenue grew 15.5%, and order inflows surged 33% to ₹94,453 crore. Brokerages remain bullish, raising target prices, citing strong Middle East demand and robust execution.