L&T stock to get rerated on capex recovery: Jefferies

Capital goods and engineering major Larsen & Toubro is on a rerating path especially with capital expenditure showing recovery trends, said Jefferies. The brokerage, which has maintained a buy rating on the stock with a target price of ₹2,405, said an ESG or Environmental, Social and Governance rating upgrade would be a 'sweetener'. The target price implies an upside of 34% from current levels.

via Economictimes

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