L&T Strengthens Infrastructure Pipeline with Major Hyderabad Road Project Win

Larsen & Toubro has secured a significant order for the Hyderabad Greenfield Radial Road project, strengthening its infrastructure order book. The project involves construction work aimed at improving urban connectivity and easing traffic congestion. The win reinforces L&T’s position in public infrastructure execution and supports revenue visibility, as government-led urban development continues to drive demand for roads and transport-related projects.

shares are drawing attention after Wall Street Zen upgraded the stock from Sell to Hold, citing improved fourth quarter capacity and margin guidance alongside a sharp six month rally of about 52%. The stock recently closed near $84.64, placing it close to the $85 median analyst target and above the $79 consensus. While technical indicators show a firm uptrend, analysts remain cautious, noting limited upside unless fresh guidance or demand data materially improves earnings visibility into early 2026.