Larsen & Toubro share price target: Shares of Larsen & Toubro Limited, have delivered 114% return over the last five years, but the capital goods stock has rarely surged over the last one year. Larsen & Toubro is likely to benefit from strong execution, ramp up in domestic orders, and focused execution, according to Motilal Oswal Financial Services, which sees nearly 19% upside potential in the stock.
L&T stock closed nearly 1.2% higher on Friday, however, its share price value has declined 10.6% in 2026 so far.
The company is focusing on higher fabrication in India for its projects and is ramping up execution in domestic and large private projects to offset weakness due to the ongoing West Asia crisis, as per Motilal Oswal.
“Despite the ongoing crisis in the Middle East, inflows from that region have ramped up sharply for LT, and out of the total announced order inflows of ~INR1.3t so far in 2QFY27, projects worth ~INR775b were announced from the Middle East,” stated the brokerage in its report.
L&T’s order inflows have surged sharply over the past few months. The company has diversified beyond the Middle East too for orders from international geographies such as Europe, Africa, Canada and now targeting North Asia, South Korea, Japan and Taiwan.