L&T, Hindalco Power Nifty 50 Surge on Robust Growth and New Contracts

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Overview

Larsen & Toubro and Hindalco spearheaded the Nifty 50's advance today, buoyed by robust financial performances and significant corporate developments. L&T reported impressive revenue and profit growth, alongside securing new contracts. Hindalco announced substantial expansion plans and commissioned new facilities. Both companies also declared final dividends, signaling confidence and commitment to shareholders.

Larsen & Toubro Momentum

Larsen & Toubro's shares climbed 3.29% to Rs 3,919.00, propelled by consistent financial growth. The company's revenue is projected to reach Rs 255,734.45 Crore in FY2025, a 15.01% increase, with net profit rising 13.60% to Rs 17,687.39 Crore. This growth is underpinned by an influx of new orders and contracts, including a major win for its Heavy Civil Infrastructure Business. The company also announced a final dividend of Rs 34.00 per share, with an effective date of June 3, 2025.

Hindalco's Expansion Drive

Hindalco Industries saw its stock rise 2.83% to Rs 1,026.45, driven by ambitious expansion plans and strong financial footing. For FY2025, revenue is forecast to hit Rs 238,496.00 Crore, up 10.43%, with net profit surging 57.58% to Rs 15,999.00 Crore. The company has commissioned new facilities for FRP and battery foil in Odisha and is undertaking a Rs 21,000-crore smelter expansion. A final dividend of Rs 5.00 per share was also declared, effective August 8, 2025.

Broader Index Performance

These gains significantly boosted the Nifty 50, which also saw contributions from other major stocks like Tata Steel, NTPC, and ONGC. The positive movement on Thursday reflects investor confidence in India's industrial and infrastructure sectors, contributing to a broader market uplift.

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