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 beneficial properties within the inventory had been seen as the corporate gained 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 mission. 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 world power portfolio might 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 beneficial properties 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 mission.
The brokerage held that amid a reducing 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 decreased goal of Rs 4,435, implying doable beneficial properties of as much as 29 per cent from the final shut. The corporate has crushed its guided order ebook development of 10 per cent with order ebook development throughout FY25 at 15 per cent.
Additionally, the corporate’s capex within the Center East stands sturdy, with the Gulf Cooperation Council mission pipeline at a robust Rs 229 lakh crore.
Moreover, the brokerage anticipates development in EBITDA margin to eight.6 per cent from the sooner 8.3 per cent, a 30 foundation factors improve.
The brokerage additionally underscrored that the goal on the inventory has been decreased consdering correction in LTIMindtree inventory worth correction.
