Motilal Oswal assigns buy rating to L&T with Rs 4,400 target price

Larsen & Toubro shares have delivered a 114 percent return over the past five years, despite a 10.6 percent decline in share price value during 2026.

Motilal Oswal Financial Services maintained a 'Buy' rating on the capital goods stock with a target price of Rs 4,400, citing strong order inflows and domestic execution.

The company reported international order inflows worth approximately INR 775 billion from the Middle East out of a total INR 1.3 trillion announced in the second quarter of FY27.