L&T’s order inflow grew by 57% year-on-year to Rs 41,800 crore in the June quarter, higher than the analysts’ estimate of Rs 38,000-39,000 crore. The order flow in core engineering and construction (E&C) business excluding services business expanded by 88% to Rs 28,288 crore helped by a large order win in hydrocarbon segment and other big wins in the transmission and distribution, and the defence sector.
Largecaps look better as smallcaps price in strong growth: Franklin Templeton’s Arihant Jain
Largecap stocks offer a better risk-reward balance than mid- and small-caps as higher growth expectations are already priced into smaller companies, according to Arihant Jain