CLSA has retained an outperform rating on L&T, with a target price of ₹4,151, reflecting an upside of 22% from the current level of ₹3,402. The brokerage highlights a third consecutive quarter of margin expansion in L&T’s Engineering & Construction (E&C) segment, with a notable 60-basis-point increase in infrastructure segment margins. L&T posted a big beat in order inflows, driven by a robust E&C execution, up 27% YoY. CLSA notes that the company remains confident in its FY25 inflow guidance despite a soft Indian market in Q2.
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.
