Larsen & Toubro: Motilal Oswal Maintains BUY Rating, Sets INR 4,500 Target Price

Overview

Motilal Oswal's research report highlights Larsen & Toubro's long-term growth strategy. The company is optimistic about the Middle East, expecting mid-teen order growth. With rising capex, Larsen & Toubro aims for sustained medium to long-term growth. Motilal Oswal maintains a BUY rating and a target price of INR 4,500.