Shares of Larsen & Toubro (L&T) surged 3.62% to open at ₹3,622 on Monday, reacting positively to the company’s robust performance in Q1FY26 and a flurry of tarobtain price upgrades from top brokerages. The stock closed the previous session at ₹3,495.60.
The infrastructure giant reported a net profit of ₹3,617 crore, up from ₹2,786 crore YoY, while revenue rose to ₹63,678 crore compared to ₹55,119 crore in the same quarter last year, reflecting healthy execution and strong momentum in core segments.
Brokerages remain optimistic:
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Jefferies retained a Buy rating and raised the tarobtain price to ₹4,230 from ₹3,965, citing better-than-expected execution and a 33% YoY rise in order flows.
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B&K Securities also maintained a Buy and revised the tarobtain price to ₹4,034, noting strength in the energy and hydrocarbon segments.
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Haitong reiterated its Outperform call with a revised tarobtain of ₹4,150, up from ₹3,800.
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Investec maintained a Buy, increasing its tarobtain to ₹4,460, highlighting confidence in L&T’s ability to meet its annual growth guidance.
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Motilal Oswal reiterated its Buy rating, raising its tarobtain to ₹4,200 from ₹4,100, citing continued improvement in execution and working capital metrics.
The upbeat sentiment from analysts stems from L&T’s record order inflows and robust execution across business verticals. The company reported an order book of ₹6.13 lakh crore and a strong pipeline worth ₹14.8 lakh crore.
Disclaimer: The views and investment recommfinishations expressed in this article are those of the respective brokerages and do not represent the views of this publication. Investors are advised to consult their financial advisors before building any investment decisions.
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