NEW YORK — Savannah Guthrie, co-anchor of NBC’s “Today” show, posted an emotional message on Instagram Stories over the weekend, expressing continued anguish as the search for her 84-year-old mother, Nancy Guthrie, entered its fourth month without resolution.
The post featured a religious image with the text “Oh my, my soul, it cries out, soul, it cries out,” accompanied by Guthrie’s own plea: “Bring her home” followed by a yellow heart emoji. The message quickly drew widespread attention, highlighting the family’s ongoing pain and hope amid an unresolved investigation into Nancy Guthrie’s disappearance from her Tucson, Arizona, home.
Nancy Guthrie was last seen on January 31. She vanished from her residence in the Catalina Foothills area on February 1, with blood evidence matching her DNA found on the porch and signs of a possible struggle. Authorities have treated the case as a suspected abduction, though no arrests have been made and her body has not been recovered.
Pima County Sheriff Chris Nanos provided an update in May, noting steady investigative progress despite challenges. “I think every day they get closer,” he said. “There’s way too much work to be done, that is ongoing, with some of the physical evidence we have.” Mixed DNA found near the home continues to be analyzed, with the FBI assisting in the probe.
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Savannah Guthrie has occasionally shared public appeals while largely respecting the family’s desire for privacy. In a statement for the KVOA News 4 TV special “Bring Her Home: The Disappearance of Nancy Guthrie,” the family expressed gratitude for community support. “We are deeply grateful for the outpouring from neighbors, friends and the people of Tucson. We are all family now,” the Guthrie siblings said. “We continue to believe it is Tucsonans, and the greater southern Arizona community, that hold the key to finding resolution in this case.”
On Mother’s Day, Savannah Guthrie shared a video compilation featuring clips of her mother, offering a touching tribute amid the uncertainty. Her latest Instagram post continues this pattern of selective but heartfelt communication, using faith-inspired imagery to convey the depth of the family’s emotional struggle.
The case has drawn national attention due to Savannah Guthrie’s prominent media role. A $1 million reward remains active for information leading to Nancy Guthrie’s safe return or the arrest and conviction of those responsible. Tips continue to flow in, though authorities caution that many require careful verification amid widespread public interest.
The Catalina Foothills community has been shaken by the disappearance. Multiple searches of the rugged desert terrain have been conducted using cadaver dogs, drones and ground teams, but the vast landscape presents significant challenges. No new large-scale searches have been publicly detailed recently, though the investigation remains active.
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Experts in no-body homicide cases have commented on the difficulties. Tad DiBiase, a prosecutor specializing in such prosecutions, has noted the statistical likelihood of remains being disposed in water or wooded/outdoor areas, while stressing the importance of thorough searches to support any future prosecution by ruling out alternative scenarios.
For the Guthrie family, the prolonged uncertainty has been profoundly difficult. Savannah Guthrie has balanced her high-visibility role on “Today” with supporting her loved ones. Colleagues have offered public support, with anchors occasionally acknowledging the family’s ordeal during broadcasts while respecting boundaries.
Nancy Guthrie was described by family as independent and vibrant. Her sudden vanishing has prompted broader conversations about safety for elderly residents and the challenges of missing persons cases when foul play is suspected but no body is found. The emotional toll on families in such situations is immense, with each passing day compounding grief and hope.
Community response has included participation in early searches, vigils and ongoing offers of assistance. Local residents and the greater Tucson area have rallied around the family, reinforcing the statement that the community holds potential keys to resolution.
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As the investigation advances, focus remains on processing evidence, pursuing leads and conducting targeted searches. Digital forensics, neighbor interviews and analysis of potential vehicle activity continue to form important elements. A person captured on doorbell camera footage near the time of the disappearance was questioned early on, but no public persons of interest have been named.
Savannah Guthrie’s public messages serve dual purposes: appealing for information and expressing the family’s enduring hope. The religious imagery in her latest post reflects a source of comfort and strength for many facing similar ordeals. The yellow heart emoji, often symbolizing hope and positivity, adds a gentle note of optimism amid heartbreak.
The high-profile nature of the case has generated extensive media coverage and online discussion. While this has raised awareness, authorities caution against unverified theories that could complicate official efforts. Professional forensic work and verified tips remain the priority.
For the Guthrie family, each day without answers brings new challenges. Savannah Guthrie’s willingness to share glimpses of her pain humanizes the broader statistics of missing persons cases. Her platform amplifies the call for information while modeling resilience in the face of uncertainty.
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Nancy Guthrie’s disappearance serves as a sobering reminder of vulnerabilities for seniors living independently. It has prompted some in the Tucson area to review home security and neighborhood watch programs. The case also highlights the dedication of law enforcement and the importance of community vigilance.
As months pass, the family’s public appeals demonstrate both hope and determination. Savannah Guthrie’s Instagram post, though brief, resonated widely, with followers offering support and sharing the message in hopes of generating new leads.
Investigators urge anyone with information to contact the Pima County Sheriff’s Office or the FBI. The reward provides additional incentive, and tips can often be submitted anonymously.
The coming weeks and months will be critical as forensic analysis continues and leads are evaluated. For now, the Guthrie family, supported by friends, colleagues and the Tucson community, holds onto hope while facing the daily reality of not knowing.
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Savannah Guthrie’s message carries profound weight. “Bring her home” remains the central plea, echoing the sentiments of countless families in similar situations. As the investigation progresses, the focus stays on methodical work that could eventually provide the answers the family and community seek.
The emotional journey of the Guthrie family illustrates the human impact of unresolved missing persons cases. Savannah Guthrie’s openness, balanced with professional responsibilities, has drawn admiration from colleagues and viewers alike. Her continued advocacy keeps attention on the case while honoring her mother’s memory.
Nancy Guthrie’s story, amplified through her daughter’s platform, highlights both the personal toll of such disappearances and the collective responsibility to assist in bringing missing loved ones home. The Tucson community’s ongoing support reflects a shared commitment to resolution.
As the search enters its fifth month, the Guthrie family’s resilience amid uncertainty serves as an inspiration. Savannah Guthrie’s latest message, though simple, reinforces the enduring hope that Nancy will be found and returned safely. The yellow heart emoji stands as a quiet symbol of optimism in the face of profound loss.
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Authorities continue to urge the public to come forward with any information, no matter how small. Every tip, they emphasize, could be the key to bringing Nancy Guthrie home.
Thank you for standing by, and welcome to the Ramelius Resources June 2026 Quarterly Conference. [Operator Instructions] I would now like to hand the conference over to Mr. Mark Zeptner, MD and CEO. Please go ahead.
Mark Zeptner MD, CEO & Director
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Thank you, Darcy. Good morning, everyone. Thank you for taking the time to dial in this morning. In addition to the normal quarterly report, we have released a presentation that we’ll speak to during this call, noting that it also includes information from our exploration update that we released last week. Both documents have been uploaded to the ASX platform and will be available on our website shortly.
This morning, I am joined by members of the exec team, our COO, Tim Hewitt; CFO, Darren Millman; and also our EGM, Exploration, Peter Ruzicka. Initially, I’ll speak to the highlights for the quarter and for FY ’26 before handing over to the team to go through their specific areas before I close with some comments on our shareholder returns program. Whilst the presentation is relatively high level, there is a lot more detail that can be found both in the quarterly activities report released today and that exploration update that was released last week.
As usual, there will be an opportunity for questions at the end
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The Indian stock market surged on Wednesday, with benchmark indices Sensex and Nifty rising nearly 1% each, despite a sharp increase in oil prices as US-Iran tensions escalated.
At 9:49 am Sensex soared above 800 points to trade at 77,550 level, while Nifty gained over 200 points to trade above 24,200 mark. The sharp gains added around Rs 3 lakh crore to the total market capitalisation of all companies listed on BSE, pulling it up to Rs 482 lakh crore.
Infosys, L&T, Eternal, Hindustan Unilever, Bharti Airtel, TCS, Bajaj Finance, M&M, Tech Mahindra, HDFC Bank and HCL Technologies shares were the top gainers on Sensex, jumping up to 3%. Bucking the trend, IndiGo shares fell nearly 1% as oil prices soared over 4% after joint strikes in Iraq by US and Saudi Arabia, and the interception of Iran’s ballistic missiles aimed at US forces in the Middle East spooked investors.
India VIX, which is a measure of volatility in the market, dropped more than 3% to 12.18 despite the renewed uncertainties. Broader markets also traded in deep green, with Nifty Midcap 100 and Nifty Smallcap 100 indices rising up to 0.6%.
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Sectorally, Nifty IT and Nifty Metal jumped 1-2% to lead gains, while Nifty Realty and Nifty Oil & Gas slipped into the red. The overall market breadth turned positive, with the NSE seeing 1,894 advances against 641 declines, while 102 stocks remained unchanged.
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Here are the 4 key factors pushing the market higher today. 1) Global AI selloff continues
IT stocks including Infosys and HCL Tech are among the top gainers on Dalal Street today. A large part of it may have been driven by India’s resilience to the ongoing global AI selloff. South Korea’s Kospi, consisting heavily of chipmakers, crashed around 9% today while Japan’s Nikkei was down over 4%. Taiwan Weighted, meanwhile, dropped over 4%.
This comes as India comparatively has a smaller number of large listed companies directly tied to the AI infrastructure boom, providing it resilience at a time when analysts are questioning whether the massive AI spending by hyperscalers will actually bear fruit in the future, triggering AI bubble worries.
2) Rupee gains
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The rupee rose 12 paise to 95.70 against the US dollar in early trade on Wednesday. The Indian currency has drawn support over the last three sessions from likely intervention by the Reserve Bank of India, which traders expect will continue to underpin the currency.
“Going forward, the rupee will continue to take cues from crude oil prices, the US Dollar Index, FII flows, and the upcoming US Federal Reserve policy decision. Technically, the rupee is expected to trade in the 95.50-96.25 range in the near term,” said Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities.
3) FII buying
Foreign institutional investors remained net buyers of Indian equities on Tuesday, purchasing shares worth Rs 755 crore, according to provisional data from the NSE. This comes after FIIs heavily sold shares on Dalal Street over the past four sessions.
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While this is marginal compared to the previous selloff and does not reflect their activity today, net buying by FIIs often boosts market optimism.
4) Fed likely to keep rates unchanged
The US Federal Reserve is set to announce the outcome of its FOMC meeting today. Markets largely expect the American central bank to keep interest rates unchanged, though the outlook remains clouded by persistent inflation concerns among a growing number of Fed policymakers.
The Fed’s decision will be a crucial indicator against the backdrop of rising inflation worries amid the escalating conflict in the Middle East.
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What lies ahead?
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, expects the previous range-bound construct of the market to be broken on the upside, assisted by fairly valued stocks in the Nifty. “This might take time. Big conviction buys by FIIs need clarity on the trajectory of crude prices and the progress of the monsoon. The sharp correction in chip stocks in South Korea is an advantage for India,” he said.
The Fed decision on rates tonight will be keenly watched by the market, according to the analyst, who added that although inflation is a concern in the US, the Fed is likely to hold rates now and move to a rate hike in the next meeting. “However, if the Fed goes for a surprise early hike, that will have slightly negative implications for Indian markets. Rising yields in the US will drive FIIs to US bonds, away from EM equities,” he warned.
Technical view on Nifty
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While Nifty’s turn lower from the 10-day SMA evolved on anticipated lines, the key pivot of 23,891 stepped in to arrest declines, keeping upside hopes alive, Anand James, Chief Market Strategist at Geojit Financial Services, said while explaining the technical charts.
He, however, noted that it would require consistent trades above 24,100 or a direct rise above 24,220 to act as further signals of upside continuation.
(With inputs from agencies)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
Blak Wave is planning to use the funding to develop a new drama show
Blak Wave was set up by Dr Mena Fombo and Michael Jenkins(Image: Bristol Post)
The owners of an independent television production company in Bristol say they are “super excited” after securing funding from Channel 4 to develop a drama show.
Blak Wave was set up by Michael Jenkins and Dr Mena Fombo in 2019 in a bid to create content from a “fresh perspective” and to give a voice to those underrepresented on television.
On Tuesday, July 28, the duo announced the business was one of five indies to win backing from Channel 4’s Creative Equity Drama IP Fund, which is designed to support ethnically diverse-led indies to secure and develop IP.
“We are so please to share with the world that we were successful in our pitch to the Channel 4 creative equity fund,” Blak Wave said in a statement on Facebook.
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“This is big for Blak Wave. Mena and I do a lot of documentary’s and short drama films but we are super excited to be developing our first drama tv show with Channel 4.
“This has been years in the making and it’s a reminder that this game is a marathon and not a sprint. Shout out to the other companies selected we are in good company.”
Blak Wave is behind productions including ‘No Rucks Given!’ – a women’s rugby documentary made in partnership with Warner Bros, Discovery Access and TNT Sports – and carnival documentary Home Carnival Queen, in partnership with BBC Arts.
The company’s co-founder, Dr Fombo, is a Bristol-based equality and diversity campaigner, who is also behind Black Girl Convention – a movement to ensure that women of African and Caribbean heritage have “a sense of home” by sharing experiences.
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Mr Jenkins, meanwhile, is a writer and director for film and TV. He won Best Short Film for ‘Check the Label’ at the Royal Television Society Awards West in 2018 and Best Documentary at the Royal Television Society Awards West in 2021 for ‘Monumental’. He is a full BAFTA voting member.
The other independent production companies to secure funding from Channel 4 are Greenacre Films, Turnover Films, Lunar Pictures and Dark Pictures.
The rally marks one of the strongest single-day moves in the company’s recent history, coming just hours after Itron released its quarterly results before the market open.
Earnings Beat Expectations by a Wide Margin
Itron reported earnings per share of $1.59 for the quarter, beating analysts’ consensus estimate of $1.29 by 30 cents, according to Briefing.com. The company also posted a return on equity of 19.54% and a net margin of 12.31% for the period, metrics that reflected solid underlying profitability even as top-line revenue growth slowed.
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Revenue Declined, But Profitability Held Up
Despite the strong earnings beat, Itron’s revenue moved in the opposite direction during the quarter, underscoring a business that managed to protect margins even as sales softened. The company’s quarterly revenue was down 7.2% on a year-over-year basis, and earnings per share also came in slightly below the $1.62 the company reported during the same period a year earlier. Even so, the scale of the earnings beat relative to analyst expectations appeared to outweigh investor concerns about the revenue decline.
A Business Focused on Utility and City Infrastructure
Itron, based in Liberty Lake, Washington, describes itself as focused on innovating new ways for utilities and cities to manage energy and water resources. According to the company, Itron is transforming how the world manages energy, water and city services, offering intelligent infrastructure solutions designed to help utilities and cities improve efficiency, build resilience and deliver safe, reliable and affordable service through connected devices and edge intelligence.
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Updated Guidance for the Rest of the Year
Alongside its second-quarter results, Itron also provided updated financial guidance for the coming quarters, giving investors a clearer picture of management’s expectations heading into the second half of the year. The company updated its third-quarter 2026 guidance to a range of $1.50 to $1.60 in earnings per share, and raised its full-year 2026 guidance to a range of $6.30 to $6.50 in earnings per share.
A Trading Pattern Heading Into the Report
In the days leading up to Tuesday’s results, Itron’s stock had shown relatively little movement, trading well below both analyst price targets and its own recent averages. Itron’s stock price was largely unchanged heading into earnings, with the shares heading into the report carrying an average analyst price target of $126.70, compared with a share price in the $84 range just before the report. Shares of Itron opened at $84.78 on Tuesday, before the earnings-driven rally pushed the stock sharply higher over the course of the morning session.
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Prior to Tuesday’s surge, the stock had been trading below both of its key technical averages. The company’s 50-day moving average stood at $83.04 and its 200-day moving average at $89.73, both levels the stock moved well above following Tuesday’s earnings-driven rally.
A History of Revenue Misses Made Tuesday’s Report Notable
The scale of investor relief following Tuesday’s results is best understood against the backdrop of Itron’s recent track record with revenue expectations specifically. Itron has missed Wall Street’s revenue estimates multiple times over the last two years, making the earnings beat particularly notable even as the company’s overall revenue continued to decline year-over-year. In the prior quarter, the company had reported revenue of $587 million, down 3.3% year-over-year, though it still delivered a solid beat of both EBITDA and earnings-per-share estimates in that period as well.
How Itron’s Peers Have Performed
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Itron’s results also arrive amid a broader earnings season for companies in the electrical equipment and resource management space, offering useful context for how the sector has performed overall. Among Itron’s peers, Teledyne delivered year-on-year revenue growth of 9.8%, beating analyst expectations by 5.3%, while Badger Meter reported a revenue decline of 6.6%, in line with consensus estimates. Notably, Teledyne’s stock price was largely unchanged following its results, while Badger Meter’s shares fell 15.5%, illustrating how varied investor reactions have been across similarly positioned companies this earnings season.
Institutional Ownership Remains High
Itron’s shareholder base remains heavily concentrated among large institutional investors, a factor that can amplify stock price moves during periods of significant news. Roughly 96.19% of the stock is owned by institutional investors and hedge funds, with several funds having recently increased their positions. Merewether Investment Management now owns 300,787 shares of the company’s stock, after adding 282,587 shares during the most recent quarter, while Schroder Investment Management Group boosted its stake by 65.2% during an earlier quarter.
Mixed Analyst Sentiment Heading Into the Report
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Wall Street analysts had offered a range of views on Itron’s stock in the weeks leading up to Tuesday’s earnings release, reflecting some uncertainty about the company’s near-term trajectory. Weiss Ratings restated a “hold” rating on the stock in early May, while Zacks Research downgraded Itron from a “hold” rating to a “strong sell” rating in a mid-July research note, underscoring the divided views among analysts heading into the earnings report.
An Elevated Level of Short Interest
Ahead of Tuesday’s results, some market analysis had also flagged the potential for outsized stock price swings tied to the company’s options and short-selling activity. Short interest in Itron’s stock appeared elevated heading into earnings, implying the potential for sharper volatility or a short squeeze if the company’s results materially surprised the market, a dynamic that appears to have played out following Tuesday’s stronger-than-expected earnings beat.
With Itron’s updated full-year guidance now pointing toward earnings per share between $6.30 and $6.50, investors will be watching closely in the coming quarters to see whether the company can continue delivering earnings beats even as top-line revenue growth remains under pressure. A conference call with company management, scheduled for 10 a.m. Eastern time Tuesday, is expected to provide further detail on the factors behind the quarter’s performance and management’s outlook for the remainder of 2026, along with additional context on the guidance increase that appeared to catch many investors positively by surprise.
Plans were initially refused by the local council but a government inspector has overturned the decision
Bradley Gerrard, Local Democracy Reporter
05:30, 29 Jul 2026
The current location of Goosemoor, near Dart’s Farm(Image: Google Maps)
A Devon business will be permitted to build an ‘educatering’ facility after successfully appealing a decision that initially rejected its proposals.
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Goosemoor, which has been owned by the Pritchard family for nearly 70 years, sought permission to build a site in East Devon that would primarily house a food distribution centre for its school meals operation.
While this is expected to run round-the-clock for six days a week, the business also envisaged the development, in the parish of Woodbury, would have a classroom where pupils could discover the origins of their food and prepare meals, alongside open areas where crops would be cultivated to supply ingredients.
Local planning authorities declined to approve the scheme earlier this year, citing concerns about its effect on the surrounding countryside – the majority of which carries some form of protected status – and the view it would almost certainly require car access, which could itself prove troublesome for others using the narrow rural lane which lacks pavements or street lighting.
East Devon District Council’s planning committee also raised concerns about the possible impact on neighbouring properties, which include Grade II listed North Lodge, Nutwell Cottages and Nutwell Lodge Hotel.
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A drawing of a possible layout of the proposed Goosemoor ‘educatering’ facility (Image: Local Democracy Reporting Service / EDDC)
However, a government planning inspector has reversed the decision – though with 26 conditions attached to the approval. Goosemoor has welcomed the ruling, while a council spokesperson said it was “disappointed” given its “clear concerns” about the proposal.
Although inspector Laura Cuthbert acknowledged several of the issues raised by the council, she assigned most of them only ‘limited’ or ‘moderate’ weight, while affording “significant weight” to the potential employment benefits the scheme could deliver and its broader economic impact.
Within her report, the inspector indicated the development could generate as many as 75 new jobs.
Citing the council’s own economic development officer, Ms Cuthbert noted the authority had recently acknowledged a “critical and well-established shortage of available employment land” in East Devon, which was “constraining inward investment, local business growth and forcing some employers to leave the district”.
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Ms Cuthbert said: “These comments indicate that concerns regarding the availability of employment land and commercial premises remain significant and ongoing.
“Consequently, notwithstanding the council’s emerging strategy to address this matter, there remains an acknowledged and substantial shortfall in employment land across the district.
“Whilst future allocations may assist in meeting that need, their delivery remains uncertain at present. Having regard to the evidence before me, I conclude that the proposal would make a meaningful contribution towards addressing the current shortage of employment land and premises.”
Jamie Walsh, the founder and director of Goosemoor Educatering, welcomed the decision.
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“The appeal has gone our way, and I think the process was pretty considered,” he said.
“It was back and forth from both sides, but what was pleasing is that in the appeal format, we could answer any queries, statements or questions and so it felt a lot more like our voice was heard [than at the planning committee].
“The inspector kept mentioning the planning balance and it came down more in our favour with the potential negatives not being enough to block the application.”
Mr Walsh said he hoped construction on the site would get under way in spring next year, once the firm has met the planning conditions attached to the scheme.
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A spokesperson for East Devon District Council said the authority was “disappointed” the appeal had been allowed.
“Our position was that the site conflicted with countryside protection policies, was in an unsustainable location with very limited access to public transport, walking and cycling routes, and would cause harm to the landscape and to the setting of nearby listed buildings,” the spokesperson said.
“While the inspector agreed with all of these concerns, they concluded that the economic benefits of the scheme outweighed the harm identified, in the absence of a suitable alternative site.
“We respect the inspector’s decision, but our position remains that development in the countryside must be carefully managed and located where it can be properly supported by sustainable transport and infrastructure.”
Shares of Larsen & Toubro (L&T) rose nearly 4% to Rs 3,967 on the BSE in Wednesday’s early trade after the engineering major reported a 14% year-on-year (YoY) rise in net profit to Rs 4,123 crore for the first quarter of FY27, with brokerages retaining their ‘Buy’ calls for the stock.
L&T’s revenue from operations meanwhile rose around 7% YoY to Rs 67,942 crore during the April-June quarter of the ongoing FY27, from Rs 63,679 crore in the corresponding quarter of FY26. International revenue stood at Rs 34,393 crore, accounting for nearly 51% of the company’s overall revenue.
The company said it secured orders worth Rs 1.08 lakh crore during Q1, marking a 14% YoY growth. International orders meanwhile stood at Rs 60,702 crore, contributing 56% to the total order inflow. The company’s consolidated order book rose 5% sequentially to Rs 7.79 lakh crore as on June 30, 2026. International orders comprised 52% of the overall order book.
During the quarter, L&T said that it won significant orders across multiple businesses such as residential and commercial buildings, transportation infrastructure, ferrous metals, offshore wind and the heavy engineering businesses.
Goldman Sachs highlighted that the company posted a good performance in a tough macro environment, with core order inflows coming in well ahead of expectations, ET Now reported. Operating margins however slipped slightly due to weaker execution as the West Asia conflict weighed on project timelines.
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The international brokerage maintained its ‘Buy’ call on the stock.
Nuvama on L&T share price
Despite the West-Asia conflict and its related supply chain disruptions, L&T delivered 2% growth in Q1 core PPM revenue, Nuvama noted. It however retained its ‘Hold’ call on the stock as it believes the first half FY27 is likely to remain soft on Middle East-related disruptions.
Motilal Oswal on L&T share price
Motilal Oswal said L&T’s consolidated results and core EPC segment outperformed its estimates in the first quarter of FY27. Listing out the positives that it saw in the earnings print, Motilal said the company reported a healthy 14% YoY growth in core E&C order inflows, core E&C revenue growth of 3% YoY and flat margins at 7.6%. Despite lower ordering from the Middle East region, L&T has diversified its order inflow mix from other geographies such as Europe and has also seen stable inflows from the domestic private sector, the domestic brokerage said, as it marginally revised its estimates to bake in Q1 performance.Motilal Oswal retained its ‘Buy’ call on the shares of L&T, while increasing its target price to Rs 4,550 apiece from Rs 4,500 apiece. The latest target price implies an upside potential of nearly 19% from the stock’s previous closing price.
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JM Financial on L&T share price
JM Financial said L&T’s core EBITDA was 10% ahead of its estimates, led by core margin beat, with core execution in line. Robust order inflows also beat the domestic brokerage’s estimates, led by the ultra-mega order for offshore wind by TenneT. With strong prospects of Rs 15 trillion for 9M FY27 supported by continued momentum in ordering by the Middle East, we view L&T’s FY27 order inflow growth guidance of 10-12% as achievable. While Q1 FY27 execution was adversely impacted by West Asia geopolitical disruptions, we expect normalisation in execution from H2 FY27 onwards. This, coupled with a large order book should support revenue growth of 10-12% in FY27 (in line with the guidance),” it added.
L&T is well placed to deliver over 16% CAGR in EBITDA over FY26-28 supported by strong momentum in Middle East ordering, pick up in execution from the second half of FY27 onwards and stable core margins, JM Financial said as it remained constructive on the stock.
The domestic brokerage maintained its ‘Buy’ call on the stock but reduced its target price to Rs 4,640 apiece from Rs 4,700 apiece. The latest target price implies 21% upside potential.
L&T share price
L&T announced its Q1 earnings in the post market hours of Tuesday. Earlier during the day, the shares closed marginally higher at Rs 3,832 apiece. The stock has fallen more than 8% in a month and 7.5% in 2026 so far.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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