LT

With government capex momentum and strong order inflows, L&T continues to remain one of the strongest plays in the infra space. Key Positives: Robust order book providing multi-year revenue visibility. Strong execution track record across infra, defense & hydrocarbon. Beneficiary of India’s infrastructure push. Healthy balance sheet and improving return ratios. Technical Structure: Stock sustaining above major moving averages. Trend remains bullish with higher high–higher low formation. Any consolidation near support could act as accumulation zone. Risks to Watch: Delays in project execution. Raw material cost volatility. Global slowdown affecting overseas projects.