Today’s share price of Larsen & Toubro (L&T)
In intraday trading on Friday, Larsen & Toubro (L&T) shares increased 3% to ā¹4,109 on the BSE. The large civil construction company’s stock price was trading around its all-time high of ā¹4,139 on November 27, 2025.
L&T’s stock has beaten the market so far in 2025, rising 12% while the BSE Sensex has increased by 8.4%.
Why is Friday’s spotlight on L&T stock?
The biggest engineering and construction (E&C) corporation in India, L&T is interested in high-tech manufacturing and services as well as engineering, procurement, and construction (EPC) projects. Infrastructure, heavy engineering, defense engineering, electricity, hydrocarbons, and services are L&T’s main business sectors.
The infrastructure sector accounts for 45% of the total revenue, with services coming in second at 26%, energy projects at 20%, and overseas markets at 46% of the backlog.
India’s economic prospects are still promising. The domestic environment is favorable, with GDP growth for FY ’26 expected to be between 6.5% and 7%. Retail consumption, a robust services sector, and consistent capital expenditures are the main drivers of this development.
While public infrastructure is continuing at a steady pace, growing investments in manufacturing, renewable energy, real estate, digital infrastructure, and power generation projects are also driving the new private sector capital expenditure plans.
Order expectations for the remaining H2FY26E are ā¹10.4 trillion, up 29% year over year (YoY) from ā¹8.1 trillion during the same time last year. Of these, ā¹6.5 trillion (ā¹5.42 trillion) are for infrastructure, while ā¹2.93 trillion (ā¹2.25 trillion) are for energy projects. Of all order prospects, 49% are domestic prospects.
Goldman Sachs reportedly changed its rating from “NEUTRAL” to “BUY” for L&T shares. Additionally, it increased its price estimate for the stock from ā¹3,730 to ā¹5,000. According to CNBC TV18, the brokerage company thinks L&T is ready for expansion in the nuclear power, green hydrogen, and defense sectors.
Obtaining order inflows that exceed the recommended range demonstrates the variety of the business’s activities. ICICI Securities analysts think there would be significant revenue increase in the medium run due to the backlog growth and improvement in execution. The goal of 18% ROE by 2026E is likely with the ongoing emphasis on improving total return ratios. With a target of ā¹5020 (SoTP based), the brokerage company maintains its BUY recommendation.
L&T expects strong revenue growth and a notable rise in order inflow, suggesting a bright future. Additionally, it is anticipated that its robust order book would propel good growth in the next quarters.
The government’s ongoing investments in manufacturing and infrastructure will probably provide the business significant growth potential, enhancing its chances of long-term success. According to brokerage firm Geojit Investments, the company is well-positioned for long-term success because to recent strategic Memorandums of Understanding and alliances in its semiconductor, renewables, green energy, and military industries.
