JPMorgan Sees More Upside in India’s Infrastructure Giant

$LT emerged among the top Nifty gainers after rallying over 9% in three trading sessions, supported by JPMorgan’s higher target price and optimistic growth outlook. The brokerage highlighted L&T’s strong order pipeline, robust execution capabilities, and favorable positioning to benefit from India’s ongoing infrastructure and capital expenditure cycle. Investor sentiment was further boosted by expectations of sustained order inflows and earnings growth, reinforcing confidence in the company’s long-term growth trajectory.