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Shares of Larsen & Toubro today rose over 4 per cent as the company has maintained 2015-16 sales forecast.
The stock jumped as much as 4.6 per cent to its highest since January 25.
Larsen & Toubro had said on Friday it was on track to realise its forecast of 10-15 per cent sales growth for the fiscal year ending on March 31.
The company's third-quarter net profit jumped nearly 20 per cent.
L&T counts on government spending to meet its growth targets.
“Given investors concerns, broadly maintaining guidance is a positive outcome and stock is likely to see a bounce back,’’ Macquarie says.
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