L&T Shares Rally 4% On Strong Q4; SEBI RA Says Stock Is At Make-Or-Break Level

Technical analyst cites resistance near ₹3,370 and a need for a breakout to sustain the rally.

Shares of engineering and infrastructure major Larsen & Toubro (L&T) jumped 4% in early trade on Friday after the company posted strong March-quarter (Q4 FY25) results.

The performance was underpinned by healthy order inflows and strong international business traction.

L&T reported a consolidated net profit of ₹5,497 crore, up 25% YoY, while revenue rose 11% to ₹74,392 crore. 

Despite elevated input costs, EBITDA margins held steady at 11.02%, highlighting the company's operational efficiency.

Order inflows surged 22% in FY25, beating the 12%-15% growth guidance. 

Looking ahead, CFO R. Shankar Raman expects margin improvements from FY26, as older, low-margin orders taper off and newer, better-priced projects begin.

However, technical analysts urge caution. 

SEBI-registered advisor SharesNServices notes that while L&T’s management commentary and guidance is very strong, a technical analysis of the stock suggests a different story. 

They highlight that the stock is currently trading near a resistance zone between ₹3,340 and ₹3,370. 

If L&T manages to break above this resistance, it could potentially move towards higher targets at ₹3,520, ₹3,640, ₹3,820, and ₹4,100. 

On the downside, the stock finds support at ₹3,100 and ₹2,950, with a major risk emerging only if it closes below ₹2,900, they add.

Data on Stocktwits shows that retail sentiment turned ‘neutral’ from ‘bearish’ a week ago.

L&T shares have fallen 5% year-to-date (YTD).

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