Shares of the infra and engineering main L&T gained in Thursday’s commerce (March 27, 2025) by as a lot as 2.5 per cent on the day’s excessive. The features within the inventory have been seen as the corporate received ultra-mega contract.
L&T wins ultra-mega contract
L&T’s offshore hydrocarbon subsidiary has bagged an order value Rs 34,000 crore’s extremely mega venture. This has been the corporate’s largest-ever order. As a part of the contract, the corporate will construct 2 offshore compression complexes on Qatar coast. Moreover, the corporate’s international power portfolio shall be additional strengthened.
By way of the contract, the corporate goals to strengthen its power portfolio.
Brokerages on L&T
World brokerage CLSA on L&T has maintained an outperform name with a goal of Rs 4,151, implying doable features of 21 per cent from the final shut. This order will allow the corporate to be recognised as the corporate bagging multi-billion greenback EPC venture.
The brokerage held that amid a lowering dependency on oil within the Center East, L&T Power Hydrocarbon is rising because the beneficiary.
BNP Paribas on L&T
The brokerage maintains an outperform name on the inventory however with a diminished goal of Rs 4,435, implying doable features of as much as 29 per cent from the final shut. The corporate has overwhelmed its guided order guide progress of 10 per cent with order guide progress throughout FY25 at 15 per cent.
Additionally, the corporate’s capex within the Center East stands strong, with the Gulf Cooperation Council venture pipeline at a powerful Rs 229 lakh crore.
Moreover, the brokerage anticipates progress in EBITDA margin to eight.6 per cent from the sooner 8.3 per cent, a 30 foundation factors enhance.
The brokerage additionally underscrored that the goal on the inventory has been diminished consdering correction in LTIMindtree inventory value correction.
