Brokerage firms on Wednesday appeared divided in their calls on Larsen and Toubro (L and T) after the company’s 2023-24 (FY24) October-December quarter (third quarter, or Q3) performance and guidance for the quarters ahead. While few stayed optimistic about the stock over future order inflow prospects, others saw increasing exposure to West Asia and fixed price contracts as a concern. In Wednesday’s trade, L and T’s share price closed at Rs 3,480 per piece, 4.22 per cent down from its previous day’s close.
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