The target set by Jefferies implies a potential upside of 14% from the stock’s closing price on Wednesday.
According to the brokerage note, the company’s management has met or exceeded its FY25 revenue, order flow, and margin guidance and is on track to achieve or surpass these targets in FY26E as well.
For the September quarter to date, Larsen & Toubro has announced orders worth approximately ₹62,900 crore.
Jefferies assumes that 35% of these orders are undisclosed, which suggests a flat year-on-year order flow growth.
Despite this, the order flow in the first half of FY26 is still expected to be up 16% YoY, compared with the 10% growth guidance for the full fiscal year, indicating a strong start to the year.
34 analysts have coverage on L&T, of which 28 of them have a “buy” rating, four say “hold”, while two have a “sell” rating.
Shares of Larsen & Toubro Ltd. (L&T) are now trading 1.20% higher on Thursday at ₹3,874.80. The stock has just risen 6% so far in 2025.
