India's Larsen and Toubro up on hopes of easing Mideast tensions reviving orders

Larsen and Toubro

15/04/2026 08:20

** Shares of India's Larsen and Toubro LART.NS up 3.4% at 4,088.80 rupees

** Stock third-biggest gainer on benchmark Nifty 50 .NSEI, which is up 1.58%

** Infrastructure major gains as optimism around renewed U.S.–Iran talks lifts companies with exposure to the Middle East

** Investec reiterates "buy" with PT of 4,860 rupees, citing strong international opportunity pipeline, particularly in renewables and hydrocarbons

** Brokerage expects order awards in the Middle East to rebound once geopolitical volatility eases

** Sees about 26% core EPS CAGR over FY26–FY28, supported by strong visibility in overseas order execution

** LART rated "buy" on average by 30 analysts, median PT at 4,554 rupees - LSEG data

** Despite today's gains, stock down 4.17% since the Iran war started on Feb. 28

 (Reporting by Surbhi Misra in Bengaluru)

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