LT

Post today’s Union Budget, L&T looks strong on the radar as the Budget continues to support capex + infrastructure-led growth, which directly benefits execution leaders like L&T. Why L&T is in focus now? Continued push towards infrastructure & development spending Strong order pipeline expected in roads, railways, defence, energy L&T is one of the biggest beneficiaries of India’s capex cycle Short-Term View: Momentum can continue because, Capex theme remains intact, Strong order book visibility, Budget sentiment supports capital goods & EPC space Risk to track: Short-term market volatility / profit booking after Budget rally Long-Term View : L&T remains a strong compounder because: India’s long-term infra buildout is structural, Consistent execution + strong cash flows, Beneficiary of multi-year capex cycle.