Larsen & Toubro Limited Share Price & Analysis

Morgan Stanley forecasts Sensex at 89,000 by 2027

*Morgan Stanley forecasts Sensex to reach 89,000 by June 2027*, driven by India’s next capex cycle. The brokerage identifies 7 key stocks across infrastructure, defense, and capital goods as primary beneficiaries. **₹500,000 crore** in estimated capex over the next few years could fuel earnings growth. Institutional focus on domestic cyclicals may accelerate F&O activity. 📊 *STOCKS:* LT, ULTRACEMCO, HAL, BEL, TATAMOTORS, POWERGRID, IRFC | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #Capex

Four Indian stocks added, four removed from MSCI index

In its May 2024 index reshuffle, MSCI added four Indian stocks and removed four others, effective June 3. Additions include **ADANIPORTS**, **HCLTECH**, **ICICIBANK**, and **AXISBANK**, while deletions feature **LT**, **TCS**, **NTPC**, and **ULTRACEMCO**. The move may trigger passive fund inflows into added stocks and outflows from excluded ones. Index rebalancing impacts foreign portfolio investment flows in the near term. 📊 *STOCKS:* ADANIPORTS, HCLTECH, ICICIBANK, AXISBANK | 🏢 *SECTOR:* Indices | #MEDIUMIMPACT #MSCI

Largecap firm bags ₹15,000 Cr order from JSW Steel

*Largecap firm bags ₹15,000 Cr order from JSW Steel* — L&T has secured a major project order valued at **₹15,000 Cr** from JSW Steel, boosting its order book significantly. The development signals strong industrial capex momentum and enhances L&T’s position in the infrastructure space. This large order win is expected to drive near-term investor confidence. 📊 *STOCKS:* $LT | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #OrderWin

L&T wins up to ₹5,000 crore coal-to-fertilizer project order in Odisha

*L&T wins up to ₹5,000 crore coal-to-ammonium nitrate project order in Odisha.* The contract supports the 'Make in India' initiative and strengthens L&T's position in industrial infrastructure. Project execution will boost domestic fertilizer production and reduce import reliance. Order value could reach **₹5,000 crore**, pending final confirmation. 📊 *STOCKS:* LT | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #OrderWin

L&T to exit Hyderabad Metro Rail joint venture

*L&T to exit Hyderabad Metro Rail joint venture* after signing a share purchase agreement to sell its entire stake to Hyderabad Metro Rail Limited. The move marks L&T's complete exit from the special purpose vehicle set up for the Hyderabad metro project. Financial terms were not disclosed. 📊 *STOCKS:* $LT | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #L&T