BNP Paribas has reiterated an outperform rating on Larsen & Toubro (L&T) with a target price of ₹4,421, suggesting a 30% upside from the CMP of ₹3,402. The brokerage notes that L&T is on track to achieve its guidance, with order inflow expectations easier to meet than they appear. Strong capex activity in the Middle East is expected to bolster L&T’s growth through CY25, and recent stock corrections have improved valuations, making a rerating impact possible.
Current Market Price (CMP): ₹3,402.00
Disclaimer: This information is for informational purposes only and should not be considered financial advice. Please consult with a financial advisor for any investment decisions.
