India Stocks Climb for First Time in Three Days; Larsen Gains
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India’s stocks rose, reversing a two-day drop, led by Larsen & Toubro Ltd. after its second-quarter profit beat analysts’ estimates.
Larsen & Toubro, the nation’s largest engineering company, advanced for the first day in three. Net income climbed to 7.65 billion rupees ($172.6 million), exceeding the 6.6 billion-rupees mean estimate of 24 analysts in a Bloomberg survey. Tata Steel Ltd., the biggest producer, gained 1.6 percent.