Larsen & Toubro stock sits below Motilal Oswal's INR 4,400 target

Published on 10/14/2026 at 12:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue growth is 14.00 percent through fiscal 2029. Larsen & Toubro stock was INR 3,628.10 on October 14, 2026, down 1.28 percent on NSE.

Analyst target and valuation

Motilal Oswal reiterated a Buy rating and an INR 4,400 target on October 7, 2026.
Revenue growth is forecast at 14.00 percent through fiscal 2029.
Larsen & Toubro stock stood at INR 3,628.10 on October 14, 2026, down 1.28 percent on NSE.
The market capitalization was INR 4.99 trillion and the P/E ratio was 30.09 on October 14, 2026.

Larsen & Toubro, INE018A01030, Illustration mit AI erstellt.

Larsen & Toubro stock stood at INR 3,628.10 on October 14, 2026, down 1.28 percent on NSE from the prior close of INR 3,675.00. The market report centers on Motilal Oswal's October 7, 2026 recommendation, which reiterated a Buy rating and an INR 4,400 target, putting the target 21.27 percent above the NSE price. Moneycontrol published the research details on October 8, 2026.

Order pipeline supports growth

DSIJ reported that Motilal Oswal sees core engineering and construction revenue growing at a 14.00 percent compound annual rate from fiscal 2026 through fiscal 2029. The same report puts Larsen & Toubro's order book at INR 7.80 trillion as of June 2026 and its prospect pipeline at INR 15.00 trillion for the first nine months of fiscal 2027.

The report also identifies execution risk in Middle East projects linked to the West Asia crisis. That counter-factor matters because the valuation case depends on converting the pipeline into orders and revenue while domestic power, infrastructure and manufacturing projects provide additional work.

Price remains below yearly high

The NSE price of INR 3,628.10 on October 14, 2026 was INR 811.90 below the 52-week high of INR 4,440.00 and INR 340.00 above the 52-week low of INR 3,288.10. The current level therefore sits 18.29 percent below the high and 10.34 percent above the low, while the session volume was 1,709,590 shares against an average of 1,614,278.

The price move was weaker than the previous session, but the stock remained inside its reported yearly range. The latest quote also places the company below the INR 4,400 analyst target, with that comparison based on the same NSE currency.

Valuation and industry comparison

On October 14, 2026, Larsen & Toubro had a market capitalization of INR 4.99 trillion, a P/E ratio of 30.09 and a dividend yield of 0.01 percent. Its engineering and construction profile places the valuation alongside other large Indian industrial names.

Comparison with peers

Larsen & Toubro (NSE, INR, October 14, 2026): minus 1.28 percent, P/E 30.09, market capitalization INR 4.99 trillion.
ABB India (NSE, INR, October 14, 2026): minus 0.34 percent, P/E 49.32, market capitalization INR 1.47 trillion.
Siemens (NSE, INR, October 14, 2026): minus 0.07 percent, P/E 40.65, market capitalization INR 1.33 trillion.

Trading level and market context

Larsen & Toubro's October 14, 2026 NSE quote was INR 3,628.10 at 3:14 p.m. IST, down 1.28 percent from the prior close of INR 3,675.00. The next benchmark reference is the BSE Sensex, while the INR 4,400 target and the INR 7.80 trillion order book provide the main valuation and execution markers.

Market context: Market report BSE Sensex.