L&T shares tank 5% after Q4 results. Should you buy, sell or hold?
L&T’s Q4FY23 earnings fell below expectations but Jefferies, Nuvama, and B&K Securities still maintain a ‘buy’ rating on the stock, while Emkay downgraded it to ‘hold’. L&T’s consolidated net profit for Q4FY23 grew 10% YoY at Rs 3,987 crore but was lower than the estimated Rs 4,399 crore. The stock fell over 4% on Thursday, trading at Rs 2,292.70 on NSE.
