L&T stock: L&T share price up 63% in last one year; is it still buy-worthy? Experts weigh in

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₹4,260. Also Read: L&T, Siemens, ABB, Thermax share prices rise up to 70% in a year. Should you Buy, Sell or Hold the capital goods majors? Mint gathered opinions from various experts to determine the recommended course of action regarding the stock.

Here are their views: The brokerage firm has maintained a buy call on the stock with a target price of ₹4,200 as it believes that the recent concerns related to L&T's performance are "transient". "The ramp-up of domestic inflows after elections, the completion of low-margin legacy projects in the next couple of quarters, the constant reduction in working capital and the resultant RoCE (return on capital employed) improvement, and low working capital in international projects despite being fixed-price projects are the positive factors that will drive growth ahead," said Motilal Oswal. Also Read: Stocks to buy: These 5 stocks could jump up to 40% in 1-2 years, says Pankaj Pandey of ICICI Direct Saiyed is bullish about the stock as he pointed out that the stock will gain on India's growth story.

He said India’s economy is expected to grow by 7 per cent and witness an uptick in spending by the government, improved demand, and healthy balance sheets of banks, PLI schemes, etc. The company will continue to tap opportunities in India and overseas and focus on the profitable execution of its large order book. For FY24F, management expects order inflow growth of over 20 per cent compared to its earlier guidance of 12 per cent.