L&T shares weaken on overseas order concerns

Shares of Larsen & Toubro declined after JM Financial lowered its order inflow estimates, citing uncertainty surrounding an $8.7 billion Kuwait infrastructure tender. The brokerage warned of possible delays in the awarding large overseas projects. Despite near term pressure, analysts said L&T’s strong domestic execution pipeline, diversified portfolio, healthy balance sheet, and infrastructure focus continue to support long term growth visibility

Reliance Industries reported an 11 %  year on year rise in quarterly revenue, while profit growth remained modest amid margin pressures. Jio’s average revenue per user improved sequentially, supporting telecom performance. Retail operations delivered stable expansion, while energy earnings stayed mixed. Management commentary focused on  the capital discipline and gradual recovery across the consumer, digital, and infrastructure businesses during the ongoing financial year.