L&T Stock Dips Despite Strong Order Win Outlook

Shares of Larsen & Toubro slipped 2% after a recent rally, despite winning preferred bidder status for a $3.7 billion NTPC-linked project. Brokerage CLSA remains bullish with an outperform rating and ₹4,842 target, citing the order as a key driver for strong FY27 inflows and long-term growth visibility.