Analysts have raised their target price on the scrip recently. Macquaire in a note on Thursday said that L&T is the best placed infra company to benefit from the coming "cyclical turn". The brokerage raised the target price to Rs 1,312.
Citigroup has raised its target price for L&T to Rs 1,305. "We expect L&T will emerge stronger from recent Indian economic deceleration and outperform peers when economy accelerates," Citigroup said in a note on Thursday.