L&T shares rise 3% after board approves Rs 12,000 crore debt-based fundraising plan

L&T shares rose 3% to Rs 3,515.9 after the company’s board approved a Rs 12,000 crore fundraising plan and appointed Subramanian Sarma as Deputy Managing Director. Additionally, L&T secured an order worth Rs 2,500-5,000 crore for projects in Hyderabad and Chennai. Trendlyne’s target price for the stock is Rs 4,092, indicating a 17% upside from current levels.

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