Investor sentiment for the Larsen & Toubro (L&T) stock was positive following an ‘overweight’ rating by JPMorgan. The price target from JPMorgan implies a potential upside of nearly 25 per cent from Friday’s close.
The brokerage believes that the stock is attractively valued at 25 times estimated core earnings per share (EPS) for FY26. It estimates that EPS would grow at a compound annual growth rate (CAGR) of 23 per cent over FY24-27, along with core return on capital employed (RoCE) of 20 per cent.
The EPS growth would be driven by revenue growth (around 16 per
