L&T Tech shares rally 6% after Q1 net profit rises 13%; Nomura, Nuvama, other brokerages revise target prices

Short summary

L&T Technology Services reported a 13% YoY net profit increase for Q1 FY26 with revenue rising 11.5%. Shares rallied 6% following the announcement. Nomura and Nuvama revised target prices, though the stock has shown mixed returns across different timeframes.

• •L&T Tech Q1 FY26 net profit up 13% YoY, revenue up 11.5%
• •Shares rallied 6% post-earnings
• •Nomura and Nuvama revised target prices

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