29 Sep 2025 | 3 Mins Read
L&T shares fall after BofA downgrades them
Flipitmoney
BoFA Securities downgraded Larsen and Toubro Ltd. (L&T) to "underperform" with a price target of ₹3,700. They upgraded FY26-28 earnings estimates by 3-4% due to L&T exiting the Hyderabad Metro project and receiving ₹2,000 crore, but highlighted domestic capex losses and lower crude prices as risk factors. The stock declined 0.6% to ₹3,705.5.