L&T shares jump 4% as Motilal Oswal and JM Financial reiterate Buy, lift targets to Rs 4,550 and Rs 4,640
AI Market Summary
Brokerages reiterate bullish views on L&T after Q1FY27 results beat expectations, highlighting 14% YoY core E&C order inflow growth, stable 7.6% margins, and strong balance-sheet metrics. Although West Asia geopolitical disruptions weighed on execution and ordering, both firms expect normalization from H2FY27 and note a strong Rs 15 lakh crore pipeline plus diversification to Europe and domestic private sector, supporting FY27 order-inflow guidance.
Impact level
● Medium
Affected assets
NCSINIFTY52USD/USDT+0.26%
AI Insight · NCSINIFTY52USD/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Larsen & Toubro’s shares rose 4% in a single session as Motilal Oswal and JM Financial kept bullish calls and tweaked their price targets. Motilal Oswal raised its target to Rs 4,550 from Rs 4,500, while JM Financial trimmed its target to Rs 4,640 from Rs 4,700, implying upside of over 19% and 21%, respectively. Their rationale includes a 14% YoY rise in core E&C order inflows, 3% YoY growth in core E&C revenue and steady margins at 7.6%, alongside continued large-ticket ordering from West Asia that underpins L&T’s FY27 order-inflow growth guidance of 10–12%.
